{"id":89135,"date":"2022-07-27T20:53:35","date_gmt":"2022-07-27T20:53:35","guid":{"rendered":"https:\/\/omni48.com\/news\/meta-piles-onto-growing-fears-that-advertising-demand-is-plummeting-posting-its-first-decline-in-revenue-since-going-public"},"modified":"2022-07-27T20:53:35","modified_gmt":"2022-07-27T20:53:35","slug":"meta-piles-onto-growing-fears-that-advertising-demand-is-plummeting-posting-its-first-decline-in-revenue-since-going-public","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/meta-piles-onto-growing-fears-that-advertising-demand-is-plummeting-posting-its-first-decline-in-revenue-since-going-public","title":{"rendered":"Meta piles onto growing fears that advertising demand is plummeting, posting its first decline in revenue since going public"},"content":{"rendered":"<p>Meta CEO, Mark Zuckerberg. Drew Angerer\/Getty ImagesFacebook-owner Meta piled onto fears of plunging demand in the advertising market. The company said slower advertising demand is driven by uncertainty in the economy as concerns of a recession loom.Meta said it would reduce hiring and overall expenses this year to cope with the slowdown. Facebook-owner Meta piled onto fears of plunging demand in the advertising market, warning it expects to generate less revenue than expected next quarter. The company announced Wednesday that weaker-than-expected advertising demand is being driven by broader uncertainty in the economy, as experts say the chances of a coming recession grow.&#8221;We seem to have entered an economic downturn that will have a broad impact on the digital advertising business. It&#8217;s always hard to predict how deep or how long these cycles will be, but I&#8217;d say that the situation seems worse than it did a quarter ago,&#8221; Meta CEO Mark Zuckerberg told reporters and investors on Wednesday. The social<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook-owner Meta piled onto fears of plunging demand in the advertising market. The company said slower advertising demand is driven by uncertainty in the economy as concerns of a recession<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1],"tags":[27,29],"class_list":["post-89135","post","type-post","status-publish","format-standard","hentry","category-markets","category-news","tag-economy","tag-markets"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/89135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=89135"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/89135\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=89135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=89135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=89135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}