Vly News - Professional news Platform

Facebook and Instagram’s parent company, Meta, has posted its first-ever revenue decline, dragged down by a drop in ad spending as the economy falters, and increased competition from rival TikTok. Key points: Global instability, slowdown in the ad market, and competition from TikTok contributed to the losses Meta has drawn high profile criticism over platforms like Instagram as users turn to video Chief Operating Officer Sheryl Sandberg, driver of Meta’s advertising business, is leaving the company Meta shares fell just slightly after the results, indicating Wall Street was mostly expecting a weak earnings report. The company’s total revenue, which consists almost entirely of advertising sales, fell 1 percent to $US28.82 billion ($41.1 billion) in the June quarter, nearly half a billion from a year ago. The results follow broader declines in rival digital advertising markets such as Snap and Alphabet, Google’s parent company, which reported their slowest quarterly growth in two years.

Enrollment for in-person and virtual events is now open for NASA’s International Space Application Challenge. Participants can apply until October 2, 2022. Credit: NASA The NASA International Space Apps Challenge, the world’s largest annual hackathon, returns this year with the Make Space theme, which emphasizes NASA’s commitment to inclusivity. This year’s challenge will focus on science, technology, and exploration of Earth and space. Enrollment for in-person and virtual events is now open until 2 October. Space Apps provides a platform where people around the world with a passion for creativity and innovation can use their unique perspectives to tackle challenges created by NASA experts. The challenges range from skill levels, expertise, subject matter, and goals, and cover a spectrum of disciplines and interests that range from artificial intelligence and software development to the arts and storytelling. Each year, Space Apps enables thousands of people to engage with NASA and