Mark Zuckerberg's
vision for the"metaverse" — a hypothetical digital world incorporating work, leisure and commerce — a reality. At the same time, the company is facing growing competition from Chinese short-form video platform TikTok. Meta's first-quarter sales rose 7% from a year ago, marking the first time in its 10-year history as a public company that revenue grew in the single digits.
The company said it expects revenue within the range of $28 billion to $30 billion for the second quarter. If it hits the middle of that range, it would mark the first-ever drop in quarterly turnover year-on-year.
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