Meta's core online advertising business could take a $7 billion hit this year due to China tariffs impacting retailers in the country.

Meta’s core online advertising business could take a $7 billion hit this year due to China tariffs impacting retailers in the country.

  • BrikoX@lemmy.zipOPMEnglish
    21·
    2 days ago

    It’s kind of ironic that Facebook paid to avoid “regulators and fines” and got biggest “fine” in their history instead.

    • WhatAmLemmy@lemmy.worldEnglish
      10·
      2 days ago

      Don’t get fooled by the oligarch-owned media. The wealthiest individuals will benefit the most.

      Fascism is a fusion of corporation and state (e.g. state-capitalism, like China). The next few years will likely see the largest transfer of wealth in history, and the S&P 500 will consolidate from an ownership of 200 separate conglomerates to 20-50 (example only. not real figures).

      • BrikoX@lemmy.zipOPMEnglish
        3·
        2 days ago

        You’re not wrong, but the loses are also real. While they will personally come out ahead in the end that’s what capitalism is designed to do, the company workforce will shirnk as a result.

        • P03 Locke@lemmy.dbzer0.comEnglish
          2·
          1 day ago

          It’s a pretty high gamble here, one that risk-adverse corpos normally don’t take. I don’t understand why they are going along with it.