![]() The company expects to add three million new premium subscribers, representing quarterly growth of 1.7%. ![]() Stock fell 8% in premarket trading after it issued guidance for the first quarter that pointed to a slowdown in subscriber growth. Listen to the Best New Ideas in Money podcast. *** Join MarketWatch editor Jeremy Olshan and economist Stephanie Kelton as they talk to leaders in business, tech, finance, and government about the next phase of money’s evolution, and meet real people whose lives are being changed as these new ideas are put to the test. It’s just as well it has something futuristic to point to, given how painful the near term now looks. That brings us to the metaverse, which the company is pumping billions of dollars into. Essentially, people are spending less time on its platforms, with the growth of TikTok and the easing of pandemic restrictions likely factors. It expects increased competition for people’s time and a shift of engagement toward video, which monetizes at lower rates. ![]() The company expects ad targeting and measurements headwinds ahead.Įarnings after the close Thursday will be worth watching.Ĭompetition and engagement came next, perhaps the most worrying issue. And its privacy changes, which now require apps to ask users if they want to be tracked.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |