Friday, 24 March, 2023

Revenue declines for the first time ever at Meta

<p>Meta hasn&#39;t had a quarterly sales reduction year over year since coming public in 2007. Revenue for the business was $28.82 B, down 1% from $29.07B in the second quarter of 2021. Just two quarters ago, Facebook revealed an extraordinary decline in daily active users, giving Meta another ominous &quot;first&quot; (DAUs). Facebook lost daily active users (DAUs) this quarter, but its DAUs have slowly started to rise again over the previous two quarters.</p>