Facebook's metaverse business completely misses Wall St expectations

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Facebook's new metaverse business just missed Wall Street expectations by a wide margin

Analysts last week estimated the segment would bring in around $3 billion in annual revenue.Facebook's metaverse business reported disappointing results for the first time on Wednesday, showing the company's effort to build a new computing platform is still some way from taking off.

Wall Street took Facebook's results badly on Wednesday, sending the stock down 18% in after-hours trading.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good

For any account issues Kindly contact bruce125689 on Instagram he helped me with Mine

Shocker

South Africa South Africa Latest News, South Africa South Africa Headlines