Meta could take a $7 billion hit this year because of Trump's tough China tariffs
Meta could take a $7 billion hit this year because of Trump's tough China tariffs
Meta's core online advertising business could take a $7 billion hit this year due to China tariffs impacting retailers in the country.
So 10% of their yearly net profit. Not bad. We can do better though.
Delete it.
I mean, i can try, but I don't think they let us people access their hosting servers.
Good.
Don’t you hate it when you donate a million to bribe an incoming president and then lose billions?
Any billionaire would take this deal. The hit is in imaginary money (i.e. stock/corporate assets) that won't affect their daily lives and in return they get unspecified favors from the (other) oligarchs.
This isn't real money they lose.
What? They sold a ton of assets before the drop because Trump told them it was incoming.
And they'll buy them at the dip. Sell high. Buy low.
That's why they bribed him, and they're getting crazy rich from it.
I really hope trump pulled one of those surprise handshake-tugs he was doing back in the day, lol
Meta shares have dropped about 19% to $499.36 since Trump was officially sworn in as U.S. president for the second time.
Serious question: how is this garbage valued so high? Spying? Selling user data?
Speculation and selling users buying habits, yes.
Oh no!
Good. Deserved. You could have voted for democracy but instead hitched your wagon to a criminal.
Schmuckerberg lost more by trying to dodge taxes than he would have if he'd just paid them. LOL
In any tariff war there are going to be winners and losers.
Oh well.
The more I hear about billionaires losing billion's the more I appreciate the tariffs.
Bullshit. Zoom out. Temp lowered assets. Meanwhile they'll use their reserves to buy up competitors and investments for stupid low as the smaller companies are forced to sell to stay afloat.
This is how they make money, not loose money. Is CNBC really so dumb?