![]() The tech world is under antitrust scrutiny more broadly as lawmakers zero in on big industry players. Facebook warns growth to slow significantly, mandates vaccine for U.S. The company said it continues "to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates." Investors were watching how a new privacy update from Apple would impact its bottom line. Published on 28 July 2021 at 5:44pm EST on Reuters. Congress unveiled the package of five antitrust bills in mid-June. The company's earnings come after it decided in early June that former President Donald Trump will be suspended from the platform until at least January 2023.įacebook and its Big Tech peers also face potentially new legislation designed to keep them from growing too large and powerful. Facebook passed that mark after a US court threw out the Federal Trade Commission antitrust lawsuit against the company, as well as one put forward by state attorneys general.įacebook is the fifth US company to hit the $1 trillion market cap milestone. The company hit a major milestone during its second quarter, surpassing a $1 trillion market capitalization in late June. But it said that sales would slow 'as we lap periods of increasingly strong growth'. The tech giant saw revenue rise to 29bn (£21bn) in the three months to 30 June, up from 18.69bn last year. But each time we allow ourselves to grow in the in-between spaces of life. News medias : Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to decelerate significantly, sending the social. Facebook has warned that it expects revenue growth to slow down 'significantly' in the second half of 2021. ![]() Shares fell about 4.5% in late trading following the release. The slow sculpting of our souls is something to be sacredly held. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: "We expect year-over-year total revenue growth rates to decelerate significantly" in the second half of 2021. Facebook is predicting its revenue to slow down ‘significantly’ during H2 2021, with Apple’s new privacy control rules adding to the problem. Facebook Inc said on Wednesday it expects revenue growth to 'decelerate significantly,' sending the social media giants shares down 3. The total number of ads delivered rose 6% year-over-year, Facebook said, while revenue from the segment was up 47%. 3 hours ago &0183 &32 Singapore‘s Ministry of Trade and Industry (MTI) has announced that it is maintaining its growth forecast for 2023 at 0.5 to 2.5, with growth expected to be around the mid-point of this range.This comes as the economy experienced a 0. ![]() Facebook's MAU count is tied to its lucrative advertising business. ![]()
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