Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. For the three months ended in September, Meta\n \n posted revenue of $27.7 billion, down 4% year-over-year and slightly above Wall Street analysts’ expectations.
These challenges to its core business come as Meta is funneling billions of dollars into an ambitious new bet to build a future version of the internet called the metaverse that likely remains years away. Wehner said operating losses from the company’s metaverse ambitions, which are categorized under its Reality Labs unit, are expected to “grow significantly year-over-year” in 2023. Reality Labs lost nearly $3.7 billion in the September quarter, and has cost the company a total of $9.
How does he keep getting scarier in these photos...
The guy looks like a tapeworm. Ewwwwwwww.🤮
Assbook
If zuck is really into metaverse, he should use an avatar to deliver his speech 😬
Facebook is god awful, you can’t say shit they listen and watch everything you do and the millions of ads are annoying
Maybe they should have thought about that before they interfered in the election . Actions have consequences. Let this be a lesson to all of you that are just sitting by letting sketchy stuff go on at your work place. It will be brought to the light. And YOU will pay.
Could is be from censorship? hmmmm?
For our economies can be questionable, if Meta world will make profits, because it is designed to dominate the business world. Why should we be so happy to get dominated? To get to a domination has its own rules...
Kill the 'metaverse' or Meta will go down the toilet.
OMG
I learn that the name change from Facebook to Meta is bad for the giant social media corporation.
The only reason it has lasted this long is grandmas and grandpas don't really want to learn newish ways to interact, but this too will go the way of MySpace.
Facebook = Evil.
Layoff bunch of them crybabies!
Really
Boy CEO gets comeuppance
Let the changes not affect the name Facebook. The name facebook should remain till eternity.
Meta sucks. Just throw it away
Why isn't Mark Zetterberg buying Twitter? I am always grateful for your help. Amen
Can’t we go back to when he was horny in his dorm?
So putting so many ads on Facebook and Instagram so that the experience is more pleasant for your users.
I think Mark should focus on one Instagram. Because Facebook is hard to use for people like me who don't have friends. I am always grateful for your help. God bless Meta. Amen