Wall Street is bracing for another rough quarter for Facebook -parent Meta Platforms. Signs of broader slowing in the overall digital advertising sector—and continued fallout from Apple (ticker: AAPL) push to limit the tracking of iPhone user activity across apps and websites—don’t bode well for the social media giant. Analysts at both RBC Capital and Oppenheimer on Wednesday trimmed estimates for Meta’s (FB) first-quarter earnings report, due after the close on April 27. Read More...
Wall Street is bracing for another rough quarter for Facebook -parent Meta Platforms. Signs of broader slowing in the overall digital advertising sector—and continued fallout from Apple (ticker: AAPL) push to limit the tracking of iPhone user activity across apps and websites—don’t bode well for the social media giant. Analysts at both RBC Capital and Oppenheimer on Wednesday trimmed estimates for Meta’s (FB) first-quarter earnings report, due after the close on April 27.
Add Comment