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Bloomsbury, BookTok, Business, Maas, News, phenomenon, profits, publishing, Sarah, sends, soaring, trend
BookTok trend and ‘publishing phenomenon’ Sarah J Maas sends Bloomsbury profits soaring | Business News
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Bloomsbury Publishing has said its profits for the last 12 months are set to be “significantly” ahead of previous expectations thanks to fantasy author Sarah J Maas and the so-called BookTok social media trend. The company said Maas’s novel House Of Flame And Shadow, which topped book charts in the UK and around the world…
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Facebook parent Meta reveals 55% drop in profits after mass layoffs | Business News
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Facebook’s parent firm recorded a 55% drop in profits during the final quarter of 2022 – the result of a $4.2bn restructuring charge that included the cost of thousands of job cuts. Meta Platforms, which also includes WhatsApp and Instagram in its stable, said its net income profit measure slumped to $4.65bn between October and…
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Apple and Amazon beat expectations but still see profits slip as inflation bites | Business News
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Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. Apple, the world’s largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%. The…