Meta's revenue has fallen for the first time. Are we so over Facebook and Instagram a

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Meta's revenue has fallen for the first time. Are we so over Facebook and Instagram a

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28-07-2022, 07:10 PM

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Meta's revenue has fallen for the first time. Are we so over Facebook and Instagram a

An honorable member of the Coffee Shop Has Just Posted the Following:

After a decade of endless upward growth, the parent company of Facebook, Instagram and WhatsApp reported its first-ever quarterly revenue drop on Wednesday (Jul 27).

Meta Platforms' total revenue fell 1 per cent to US$28.8 billion in the second quarter ending on Jun 30, from US$29.1 billion last year.

One per cent might not sound like much but this is its first such slip since the firm formerly known as just Facebook went public in 2012.

Meta expects growth in the third quarter to dip...

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