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Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein - TL;DR CNBC

Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein

Publishing timestamp: 2024-01-31 15:33:30


Summary

The article discusses how Chinese online retailers Temu and Shein are heavily advertising on Facebook and Instagram to build their brands and attract consumers. Their ad spending has had a significant impact on Meta's financials, but there are concerns about the sustainability of this growth and potential risks associated with the companies.


Sentiment: MIXED

Tickers: ETSYBABAPDDMETAWISHAAPL

Keywords: meta platforms incearningstechnologypdd holdings incsocial mediacontextlogic incinternetalibaba group holding ltdbusiness newsapple incmobilebreaking news: technologyetsy inc

Source: https://www.cnbc.com/2024/01/31/metas-continued-rally-could-hinge-on-fortunes-of-temu-and-shein.html


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