Meta Platforms Inc (NASDAQ: FB) is having a challenging time lately. Surprised by the weak guidance, investors sold off the shares heavily -- Meta's share price has fallen by more than 40% (as of writing) since the earnings release in February. One of the major concerns with Meta is the slower growth in its advertising business -- revenue grew 20% in the fourth quarter of last year, much slower than the growth of 31% in 2020. Read More...
Reuters
Canada posts massive job gain, jobless rate nears 3-year low
(Reuters) -Canada posted a blockbuster job gain in February, easily beating expectations, while the unemployment rate dropped below its pre-pandemic level for the first time, data from Statistics Canada showed on Friday. The economy added a net 336,600 jobs, more than double the 160,000 analysts had forecast, that data showed. The jobless rate fell to 5.5%, its lowest level since 5.4% in May 2019, as Canada reopened from strict Omicron restrictions.
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