Meta employees demonstrate the Meta Quest Pro virtual reality headset during a media preview at the Meta Store in Burlingame, Calif. on Tuesday, Oct. 25.Nic Coury/Bloomberg via Getty Images
Meta's financial struggles follow a trend among similar companies. Alphabet, which reported earnings Tuesday, said revenue from Google advertising was $54.5 billion, down from $56.3 billion the prior quarter. YouTube, which also sits under Alphabet, saw a drop in ad revenue to $7.1 billion, down from $7.3 billion.
Kessler estimates that Meta generates about two-thirds of revenue from small businesses — a kind of advertising known as performance advertising. "It would be a mistake for us to not focus on these areas which I think will be fundamentally important to the future," said Zuckerberg."I think that our work here is going to be of historic importance and create the foundation for an entirely new way that we will interact with each other."
Stop restricting peoples accounts for posting shit they find on Facebook....its me I'm people
headcannon he turned the headset off 🔥
Twitter will surge because of free speech and the raw true journalism it will produce. Stock will rocket.
This is really bad news for Facebook and Instagram. I'm not sure what they're going to do to turn things around, but I hope they can figure it out.
🤨
I purged my Meta accounts
“Only” $27.7 billion. It’s never enough for these people.
Meta what 🤷♀️
Good! I can't stand fb
How the mighty have fallen.
Geocities. Friendster. MySpace. Facebook. Meta. It's the social media life cycle, which always ends in a giant ghost town.
Guess everyone thinks all the new changes suck.