Meta, Facebook's parent company, reported revenue of $AUD41.17 billion for the three months ending in June, a 1 percent drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012.
Zuckerberg said earlier this month that the company would cut plans to hire engineers by at least 30 percent this year, telling employees in a Q&A that "this might be one of the worst downturns that we've seen in recent history," according to a Reuters report.Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, California. extremist activity in a case against Meta, the company which owns the services.
Still, the company's sales decline is expected to continue into next quarter. Meta said it expects revenue for the current quarter to be between $37.2 billion and $40.8 billion. Even at the high end, that would mark a 1.76 percent decline from the prior year.
Go woke, go broke
Well, a wise man once said everything Woke turns to s**t.
This is good news indeed, welcome to what the poor suffer every, year, of, their, lives…
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