scorecardresearchFacebook parent Meta posts first revenue decline in history

Facebook parent Meta posts first revenue decline in history

Updated: 28 Jul 2022, 10:45 AM IST
TL;DR.
The results largely followed a broader decline in the digital advertising market that is dinging Meta rivals such as Google, Twitter — which also posted a revenue decline — and Snap. Google's parent company Alphabet reported its slowest quarterly growth in two years on Tuesday.
(FILES) In this file photo taken on October 28, 2021, a pedestrian walks in front of a new logo and the name 'Meta' on the sign in front of Facebook headquarters in Menlo Park, California. - Facebook-parent Meta on July 27, 2022, reported that its quarterly revenue dropped year-over-year for the first time ever, as its profit plunged by more than a third. (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / AFP)

(FILES) In this file photo taken on October 28, 2021, a pedestrian walks in front of a new logo and the name 'Meta' on the sign in front of Facebook headquarters in Menlo Park, California. - Facebook-parent Meta on July 27, 2022, reported that its quarterly revenue dropped year-over-year for the first time ever, as its profit plunged by more than a third. (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / AFP)