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
    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.