Events | Shop  | PME Blog 
Please follow and like us:
Tweet 20
Kylie Jenner & Kim Kardashian Criticise Facebook owner Meta as sales Fall.
Kylie Jenner shared a post with her more than 360 million followers on Instagram this week saying "Make Instagram Instagram again".

The owner of Facebook and Instagram was hit by a fall in advertising sales in the three months to July which caused the first year-on-year revenue decline in the firm's history.Meta's total revenue slipped 1% to $28.8bn (£23.7bn), but the company fended off a decline in users.

Analysts fear the company's growth may have peaked after years of large gains. Rivals such as TikTok have eroded its popularity, while more firms are competing for ad spending.

Meta, which typically commands more than 20% of the global ad market, warned investors that ad sales were likely to fall again in the months ahead, as e-commerce spending falls from its pandemic boom and companies worried about inflation and the war in Ukraine spend more cautiously.

Meta boss Mark Zuckerberg said the firm would reduce its hiring "steadily" over the next year, a response to the downturn and the company's plans to shift investment into new areas, including its virtual reality platform, Horizon, in a bet that the so-called metaverse is its best prospect for growth.

Earlier this year, Facebook reported its first ever decline in daily users.In response, the company, which also owns WhatsApp, recently shifted its algorithms on Instagram and Facebook to act more like TikTok, recommending posts to users from outside the base of accounts they follow.

But the changes may be helping.In June, the company said 1.97 billion people logged into Facebook on average each day, up from 1.96 billion in March; and 2.88 billion into one of its apps daily, up from 2.87 billion in March.

Mr Zuckerberg said he was pleased by signs that people were spending more time on the firm's apps, but profits in the quarter still dropped more than 20% to $7.4bn. He said the firm would continue to invest, though at a slower pace than planned."We face a number of challenges in the near term, but the investments we're making should give us...advantage over the long term," he added.

Meta is not the only firm facing challenges.

Alphabet, the parent company of Google and YouTube, this week reported its slowest revenue growth since the pandemic hit in 2020, with executives repeatedly warning investors that the firm was feeling the impact of economic "uncertainty".

Twitter also reported an unusual fall in revenue, while Snap warned of "incredibly challenging" conditions after its weakest quarter ever, sending shares plunging 25%.

Get the VIP party experience today with the PME Party Planner. Corporate and Private bookings welcome. 

Advertise with us via our Website.

Email for details.

Terms and Conditions apply.


*PME Angels😇

.... A series of beautiful, classy, & friendly females working with the *PME Party Planner* 🥳 providing spice and glamour to our VIP events all over the world 🌎 Must love to travel. 

*CLOSING DATE* : August 30TH, 2022. 

STORY OF MY LIFE …. A Launch Party for PME Angels in the making. Powered by the PME Party Planner


Contact Us For:
*Birthday Parties**Bachelors Eve**Weddings *
*Fashion Shows**Product Launches**Store Openings*
TV Commercials/Adverts etc


After a certain age you Don't need more Friends
You need more Clients, Customers, Connections, & Confidence to push your Goals!

Have a Beautiful Day 😍

PME Angels now Available at selected events.

See website for details and to apply.
Events | Shop | PME Blog


With each event, we retain our unique nature -never forgetting the personal touch that really makes the difference.

Events :: Mobile Devices & Accessories :: Real Estate :: General Contractors*..

Philip Marcus Enterprises..

*PME* .. _"Mixing glamour, good service and luxury"._

Home of the PME Party Planner.*

+2348169815428, +2348074034680

.. twitter @pme_africa. Subscribe to our YouTube channel, Find us on Instagram & Facebook. TikTok @pmeafrica

Tell a friend .. to tell a friend.. so they can tell their friends._

Events | Shop | PME Blog

Get Everything You Need For Your Entertainment And Learning From Philip Marcus Enterprises.

Have a Wonderful Day! 😊

Please follow and like us:
Tweet 20
Please follow and like us:
Tweet 20

Did you Enjoy this website? Please spread the word :)

Scroll to Top