Meta reports second straight quarterly revenue decline ...Middle East

Technology by : (The Hill) -
Meta’s earnings for the past three months declined compared to the same period last year, marking the second quarter in a row the tech giant saw a dip in revenue after years of growth.   Meta, the parent company of Facebook, reported in Wednesday’s third quarter earnings release a revenue of $27.1 billion, representing a 4 percent decrease compared to the same time period last year.   After the report was released, Meta’s stock dropped by around 12 percent in after-hours trading.   Meta’s report said the company expects to see revenue in the fourth quarter between $30 and 32.5 billion.   The company will also make some hiring changes in some places, hold teams flat, and in oth

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