"While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth," Meta founder and CEO Mark Zuckerberg said. He noted that the company is focusing on prioritization and efficiency to help navigate economic headwinds.
Meta said it forecasts revenue of $30 billion for the fourth quarter, coming in shy of analyst expectations. The fourth quarter is typically Meta's most lucrative time period, due to spikes in advertising around the holiday season.: The company did report some good news. It grew its Facebook daily active user base by 3% last quarter, a positive sign for investors that may be concerned about TikTok's impact on the app's ability to stay competitive, especially with younger users.
Oh boy. I wonder if they’ll ( Zuckerberg) will get away with lying?
Good.
Hope they all wind up penniless and in prison