A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
Reporter
Nathan Friehofer has a half-million followers on Instagram, where he shares comedy and weightlifting videos. His page includes sponsored posts for protein powders and McDonald’s.
Facebook parent Meta Platforms Inc.
Meta Platforms Inc. has instituted a hiring freeze after revealing plans to trim staff, as it battles mounting expenses and seeks to recover from a rare revenue dip.
Social media stocks have endured a bloodbath for much of the year, and their outlook remains worrisome, especially if a slowing U.S. economy cuts into ad revenue.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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greg.david@journalism.cuny.edu