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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.

阅读 中文版 After she finished high school, Wandi Cao’s mother had advice about her appearance. Key points: A recent controversy has swirled around some Chinese models because of the shape of their eyes Critics say the ads are caricatures or follow Western views Chinese government has urged TV companies to promote “right aesthetics” “My mother tried to persuade me to have double eyelid plastic surgery, so ‘my life would be so much easier’,” Cao told ABC China Tonight. Growing up in China, the 27-year-old model never thought she could “fit up with mainstream beauty standards”. “They thought my high cheekbones would curse my husband and my small eyes,” she said. “But I didn’t think it would change my personality and abilities, and I didn’t necessarily look prettier, so I didn’t.” Now living in Sydney, Cao moved to Melbourne in 2016 and started modeling. In Australia, she received a lot of praise for her looks from photographers and designers. It took him some time to realize that this comment