“Short interest is also revealing pressure points in sectors adapting to possible headwinds, with the prospect of recession continuing to be felt in industrials, with funds increasing their positions in anticipation of weakening demand, and in financials, as some institutions struggle to tackle the impacts of rising inflation and rates. “In September, the UK’s political and economic troubles were overshadowed by increasing short interest in Germany, which faces a tough winter as the war in Ukraine and rising energy costs impact the industry. Michelle Silsbe, director at SEI Novus, said: “Turbulence in European markets has driven increasing short activity as investors seek returns in an increasingly tough market and as the economic outlook darkens. And at the Fed, which has an explicit dual mandate from the U.S. Short positions in financial stocks spiked in September, jumping from 7.08 % at the end of August to 10.99% at the end of September. In a recession, for example, consumers stop spending as much as they used to. staff The companys total revenue, which primarily consists of ad sales, rose to 29. The second most shorted sector was consumer discretionary stocks, which accounted for 17.72% of registered European short positions, down from 18.85% in August. Facebook warns growth to slow significantly, mandates vaccine for U.S. Industrial sector stocks were the most shorted during September, ending the month accounting for 24.47% of total short activity in Europe, up from 22.98% in August. Facebook: Facebook reports Q2 revenue of 29.08B, up 56 YoY, MAUs of 2.9B, up 7 YoY, headcount of 63,404, up 21 YoY stock down 3 on warning of revenue slowdown We had a strong quarter as we continue to help businesses grow and people stay connected, said Mark Zuckerberg, Facebook founder and CEO. Growth is expected to further moderate to 2.2 in 2023, largely reflecting the further unwinding of the fiscal and monetary policy support provided during the pandemic. Price Action: Facebook shares closed almost 1.2% higher in Wednesday’s regular trading session at $307.10 and further gained almost 6.2% to $326.00 in the after-hours session.German boardrooms fall short in gender diversity Growth in advanced economies is projected to sharply decelerate from 5.1 in 2021 to 2.6 in 20221.2 percentage point below projections in January. But it said that sales would slow 'as we lap periods of increasingly strong growth' It had benefitted from firms targeting consumers with online ads during lockdown. It was reported on Monday that Facebook and Spotify Technology SA SPOT launched a new mini player for Facebook users to stream Spotify through the Facebook app on iOS or Android. Facebook blows past estimates, but warns growth will ‘decelerate’ in second half of year Revenue rose to 29bn in the three months to 30 June, up from 18.69bn last year. stop and search or other forms of coercive or privacy invasive police powers. FB on Wednesday reported first-quarter results that beat the average analyst estimate but warned that revenue growth could significantly decelerate later this year. The move is part of the company’s push to add shopping and e-commerce features within Facebook and Instagram to generate more revenue. As independent experts covering 55 human rights mandates, we help transform. Equipment Leasing & Finance Foundation WASHINGTON, J(GLOBE NEWSWIRE) - After a strong rebound in Q1, overall equipment and software investment growth is expected to slow significantly. Fresh and trending news about Facebook business, finance, employment, product, technology and related Press J to jump to the feed. staff : Newsfacebook 32 members in the Newsfacebook community. The privacy rule changes will result in user permission becoming mandatory for displaying targeted advertisements, according to Apple.Īccording to a report by Reuters, Facebook is now working on including an affiliate program to let content creators earn money from recommending products on Instagram. Facebook warns growth to slow significantly, mandates vaccine for U.S. GOOG GOOGL, has bitterly criticized Apple’s privacy updates to its iOS 14 operating system for months, saying that the changes would hurt its business and also harm small businesses. Advertising revenue increased 45% year-over-year, with the average revenue per ad up 30% year-over-year and a 12% year-over-year increase in the number of ads delivered.įacebook, the second-largest recipient of advertisement revenues after Alphabet Inc. Facebook Inc (FB.O) said on Wednesday it expects revenue growth in the third and fourth quarters to 'decelerate significantly,' sending the social media giant's shares down about 5 in extended trading. Why It Matters: Facebook’s first-quarter revenues surged 48% year-over-year to $26.17 billion and beat analyst estimates as the digital advertising industry boomed during the pandemic.
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