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'Meta has a problem': Facebook parent company posts financial loss for the first time

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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 quarterl...

When Roisin gave birth to her first baby, this service became a lifesaver. Now there are concerns it might be closed

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When Roisin McNaney gave birth to her first baby seven weeks ago, she would love to have a mother of her own. But Ms McNaney’s mother, and the rest of her family, returned to Ireland. Key points: The City of Melbourne intends to sell the building where the Australian Midwife and Mother operates The clinic offers services including breastfeeding support, counselling, physiotherapy and child care Council says there is a free maternal and child health center nearby “I think you have a romantic view of what it’s like to have your first baby and then when reality hits, it’s a very different experience,” she said. She has support near Kensington, in northern Melbourne, from Australian Midwives and Mothers (MAMA). But Melbourne City Council, which owns the building where MAMA operates, has announced its intention to sell the building as it does not fit into its strategic plan. MAMA, which started 11 years ago as Melbourne’s first private midwifery service, ...

'We don't impact the loss of enough parental credit' - ABC Everyday

In the winter my father died of cancer, focusing on work became very difficult. In the normal world of work, people are given mourning leave: a sign of two days to grieve and attend funerals. I need more than this to reflect and reassemble myself. I took a few weeks to slow down, think, and follow the urge to get back to basics. I spring clean my house, go for bush walks, do my own health check, and take over the dining table with a thousand-piece puzzle. After school hours, I read stories with my kids — huddle together and immerse myself in a fantasy world full of magic and solvable problems — and take them out for chai lattés. (Kids of today.) That time made me reflect a lot on my purpose, and how to spend the next part of my time on earth. The ABC Everyday perspective is all about giving you the opportunity to share what you’re going through. It is likely that others have faced the same ups and downs and life experiences. In a short paragraph, send us your offer via email...