The third quarter of the US earnings season is still going on, and the tech and media industry has been taking a hit.
Share prices for Amazon and Google have dropped down, by 7 percent and 10 percent respectively, but Meta's results showcase a 26 percent shares loss.
Deborah Lambie from Milford Asset Management explained why Meta's shares are being impacted so hard. Slowing advertising speed, competition from TikTok, and the Metaverse losing more cash than it generates are key factors.
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