Meta is like a fine wine in two ways: It gets better with age, and appreciating it requires a discerning palate. TheRealLSL:
That’s probably hard for investors to accept given Facebook was growing like a weed, and now isn’t. Revenue jumped more than 60% between 2019 and 2021, but on Wednesday Meta said that total revenue in the second quartercompared to the same quarter last year, and that third-quarter revenue is likely to be flat at best. Meta depends on selling advertising for its revenue, and the average ad price fell 14%.
How users engage is a concern too. Facebook only had 1% more active users in the quarter ending June than it did a year earlier, and lost a few from the preceding quarter. Still, some signs suggest Meta is standing the test of time. Though the average minutes spent on its apps are declining, Facebook and Meta-owned sibling Instagram are second and third in engagement behind newer TikTok, according to research from Cowen.Having been around the block, Meta at least knows how to turn a profit.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stocks making the biggest moves after hours: Meta Platforms, Ford, Qualcomm, Teladoc and moreSee which stocks are posting big moves after the bell.
Les mer »
Leap seconds cause chaos for computers — so Meta wants to get rid of themTime keeps on slippin’, slippin’, slippin’, on my computer
Les mer »
Tuned Out: Meta Scraps App for CouplesThe app nobody's really heard of will be out of commission this September.
Les mer »
Meta is shutting down its couples messaging app you didn't know existed | EngadgetMeta is shutting down Tuned, an app that was meant to help couples stay in touch — but it's not clear many people used it..
Les mer »
Meta is hiking the Quest 2's price up by $100 | Digital TrendsMeta's virtualreality console, the MetaQuest 2, is set to see a price increase very soon.
Les mer »
Zuckerberg says Meta is in 'very deep, philosophical competition' with Apple to build the metaverseA fight over 'what direction the internet should go in'
Les mer »