Meta value down $520 billion over last year, threatening its position as a top-twenty company [TechSpot]

View Article on TechSpot

Like most businesses, Meta is suffering the effects of the economic slowdown that has seen advertisers spend less on marketing, which makes up most of Meta’s revenue. Its net income in Q3 was down 52% to $4.4 billion, lower than analysts’ estimates of $5 billion, while revenue was down 4%…