The pace of growth has slowed partly because of a funding winter in startups and also due to macroeconomic factors like high inflation rates, exchange rates, the cost of crude oil globally, and the Russia Ukraine war.
election. stocks in asia are mixed. european markets are opening in a few minutes. the fed holding interest rates steady after the meeting on wednesday. we didn t think the fed would move this week. it seems the fed is preparing for a rate hike in december. investors put a chance of that about 71% chance following the meeting in december. facebook stock is set to plunge this morning. it had a record-setting quarter, but shares are down in pre-market trading. what s going on? facebook s cfo says ad revenue growth will drop meaningfully next year. that is a big word to use. it is running out of places to put ads in faces of users. sales jumping 56% to $7 billion. profit nearly tripled.