{"id":82975,"date":"2022-10-27T01:47:26","date_gmt":"2022-10-27T05:47:26","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82975"},"modified":"2022-10-27T01:59:38","modified_gmt":"2022-10-27T05:59:38","slug":"meta-plans-to-lose-even-more-money-building-the-metaverse-while-its-ads-business-shrinks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/meta-plans-to-lose-even-more-money-building-the-metaverse-while-its-ads-business-shrinks.html","title":{"rendered":"Meta plans to lose even more money building the metaverse while its ads business shrinks"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta<\/a> CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse amid investor concern about the health of his company\u2019s online advertising business. On a call with analysts as part of Meta\u2019s <a href=\"https:\/\/www.cnbc.com\/2022\/10\/26\/facebook-parent-meta-earnings-q3-2022.html\">third-quarter earnings report<\/a>, Zuckerberg and other Meta executives fielded a number of questions from analysts who sounded increasingly frustrated with the company\u2019s rising costs and expenses, which jumped 19% year over year to $22.1 billion during the quarter.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/10\/26\/meta-plans-to-lose-even-more-money-building-the-metaverse.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Meta CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse amid investor concern about the health of his company\u2019s online advertising business. On a call with analysts as part of Meta\u2019s third-quarter earnings report, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82975","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82975"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82975\/revisions"}],"predecessor-version":[{"id":82976,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82975\/revisions\/82976"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}