At number three, Google’s parent company Alphabet has reported disappointing quarterly earnings, as it continues to battle a sharp slowdown in online advertising. Alphabet brought in $13 billion profit in Q3 – that’s 27% down from a year earlier.
At number two, Tesco has raised the price of its meal deal for the first time in 10 years, as food costs soar. A meal deal will now cost £3.40 for Tesco Clubcard members after more than 10 years being priced at £3.
And yes, at number one, Meta’s share price plummeted this week after it reported another quarter of declining revenues. Shares in Facebook’s parent company plunged 19% on Wednesday after the announcement, wiping $65bn off its market value. As well as the general economic slowdown, Meta is contending with Apple’s privacy policy changes and fierce competition from TikTok.
And in other breaking news, our first brand campaign with Ed Westwick is now live! You can check it out on all our social channels.
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