The parent company of “Facebook,” “Meta,” said today, Thursday, that its sales fell for the second consecutive quarter as a result of a decline in advertising income.
On an annual basis, third-quarter revenues dropped by 4% to $27.7 billion, while profits fell by 52% to $4.4 billion.
According to Meta, 2.
Every day, 93 billion people use her social media platforms, which include Instagram, Masongger, and WhatsApp, a 4% yearly rise.
The “group” has expanded, according to the CEO and founder of the business, Mark Zuckerberg.
“I’m pleased with the significant participation we are seeing with the advancements made in the discovery engine and items like Rales,” he continued.
We are approaching 2023 with a focus on establishing the objectives and efficiency that will assist us to move in the current climate and come out with a stronger firm. Although we are currently facing issues with revenues, the fundamentals are in place to return to better revenue growth.
“Mita” reveals its decline for the second consecutive quarter.
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