Job Growth Slows in June, Yellen's China Talks, Twitter Threatens Meta 7/7/23
Squawk on the Street
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How to Model Ad Revenue Growth for Admeta and Twitter
It's hard to see at least in the short run how this catalyzes an improvement to margins because they've said they're not going to do advertising on the platform right away. The consensus revenue gain for meta this year and next is two to three times the peak annual revenue Twitter ever had. Walmart also, you can't forget, is a big staple stock. So it is kind of defensive. We might actually have a little bit of a different complexion of the market today where you're kind of adding back some of that risk that we lost. Law caps are leading to the upside, big losers over the last two days.
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