Facebook-parent dead on Wed reported her first Quarterly revenue drop And profits as low as social media Energy battles troubled economy and the rising phenomenon of tik tok
He was dead long ago handed what seems endless growth But after this income miss – and earlier reporting this year that it first decline in global Daily users – company A . looked more Modest tone.
“This is a period that requires more severity, I expect us to get more did with Fewer resources,” CEO Mark Zuckerberg told analysts after the company reported 36 percent drop in Earned $6.7 billion.
dead also He said that revenue in recently ended quarter receded percent to $28.8 billion, first This slippage since the company, then simply known as Facebook, has gone public in 2012.
“The year-over-year drop in Indicate quarterly revenue just how dead fast business have deteriorated” analyst Debra Aho Williamson.
“The good newsif we can call This, this is competitors in digital Ads also experiencing a slowdown.
However, Meta reported an increase in Facebook has 1.97 billion daily users, defying analyst expectations of a dropHowever, it was noted that the number of monthly users decreased by about two million users to 2.93 billion.
that it shares they were down about 3.5% in after, after-hours tradingfollow up decline in Company shares since February that have been erased half its value.
dead have also faced Constant scrutiny of lawmakers and regulators over Not only her enormous strength in The social media marketbut also its effect on the health of its users.
The results came just hours After the American regulators announced They will try to prevent the acquisition of Meta of virtual reality fitness The app maker inside, a potential blow to tech Ambitions of a giant metaverse.
US targets Meta VR purchase
“This acquisition has a reasonable prospect of Eliminate both present and future competition, said the FTC’s complaint, “and you’ll be dead, too.” one step closer to him ultimate goal of Owning the entire ‘Metaverse’.
Meta concentrated on building see it metaverse for Internet futureyou bet hard on Interactive virtual world Which the company thinks it will ensure that it powerful Site.
The social media The FTC giant said move a challenge realitywas confident that buy of will be inside good for VR users as well developers who Manufacture apps in who – which market.
‘FTC case based on “Doctrine and speculation, not evidence,” Meta said. in In response to an AFP inquiry.
dead have also faced Troubles as they try to adapt their platforms for the better battle TikTok is a short video app that threatens the Silicon Valley giant’s primacy.
Instagram owned by Meta is trying to allay complaints from users, including celebrities Kylie Jenner and Kim Kardashian who Say changes You have made Much like TikTok, including video recommendations.
Instagram Head Adam Mosseri posted video on Twitter addresses the complaint, saying a number of changes Tried with Promising not to give up on sharing photos in the service.
“We will continue to do so support photosit’s part of “Our heritage,” Mosseri said.
Earning season has arrived off to less than great start with Disappointing reports from Netflix and Snapchat’s parent Microsoft Corporation.
Explode, Explode announced plans last A week to recruit slow “essential” after blues results clear about 30% off Inventory price of The tech company, which is facing Difficulties on several fronts.
Even the giant Google reported that its profits and revenues fell with the huge advertising revenues of the Internet giant growth cool, but market He looked comfortable news Not worse.
The big tech Platforms suffer from the economic climate, forcing advertisers to cut them out back on Their marketing budgets and the privacy of Apple changes data they have reduced the space for Customize ads.
