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Seaside FM
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01964 263 105
contact@seasideradio.co.uk
Seaside Radio Limited registered company number 05031695 & registered charity number 1115311.
Facebook's parent company, Meta, has seen over a fifth of its market value erased in after-hours trading after financial results disappointed on several key measures and it warned of an impact from rising inflation.
The company, which also includes Instagram in its stable of social media platforms, said it had been informed by advertisers that surging inflation and supply chain disruption were damaging their budgets.
Advertising accounts for the majority of revenue at the company.
Meta shares were down by more than 20% in response while other big names, such as Twitter and Snap, also recorded big declines as investors fretted over wider ad demand and the likely sales impact.
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