Meta reports sales fall, but beats expectations ...Middle East

Daily Sun - News
Meta reports sales fall, but beats expectations
SAN FRANCISCO: Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring.The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of daily users on Facebook hit two billion for the first time.CEO and founder Mark Zuckerberg pointed to the success of improved algorithms on Meta’s video Reels service, that was delivering short clips more efficiently to users on Facebook and Instagram.Meta competes fiercely with TikTok, the Chinese owned video-sharing platform that has proved a formidable riva

Hence then, the article about meta reports sales fall but beats expectations was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Meta reports sales fall, but beats expectations )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News