Reported 2 days ago
Meta Platforms, the owner of Facebook, Instagram, and WhatsApp, has recently faced scrutiny regarding lax policies related to its ad business, contributing to a slowdown in growth rates and raising concerns about future performance. Reports reveal that nearly half of reported scams on Zelle were linked to Meta, with a significant portion of new advertisers promoting scams. As the company navigates an antitrust case that could lead to the sale of Instagram and/or WhatsApp, analysts advise caution for potential investors due to the uncertain growth outlook and existing regulatory challenges.
Source: YAHOO