parent organization of Instagram and Facebook Metaannounced its results for the second quarter of 2022. The company, which cut its expenses and reduced the number of hiring, was also investigated by the SEC. The company, which has had troubles recently, second quarter financial reports seems to be reflected in this as well.
Meta lost revenue for the first time
Renamed to Meta Facebookafter going public in 2007 first time In the three-month period, it experienced a decrease in terms of income compared to the previous year. According to the statement, Meta will be released in the second quarter of 2022. $28.82 billion earned income. In the same period last year, the company’s income is 29.07 billion dollars was disclosed.
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With this result, the company compared to the same period of the previous year. by 1 percent seems to have regressed. Company COO Sheryl Sandberg said Meta’s loss of revenue in the second quarter the fall in the euro tied up.
Meta, other than financial reports in the number of users It has been experiencing some major problems lately. In the last quarter of 2021, Facebook’s daily number of active users A significant decrease was also reported. Although the number of active users has increased slightly in the last two quarters, to desired levels it’s not out.
Platform also this quarter decrease in monthly active users lived. The reason for this is the Russia-Ukraine war. It is stated that this loss occurred as a result of Facebook being banned in Russia. In Meta’s entire application family, the number of daily active people (DAP) is compared to last year. increased by 4 percent case.
Recently, both Facebook and Instagram users have been using social media platforms. Mimic TikTok expressing his displeasure because of it. Meta is similar to TikTok on both social media apps. focus on short videos gives. This situation is very disturbing by most users. This situation Instagram and FacebookWondering how it will affect ?
So, you Meta and what do you think about the second quarter financial reports? Do you think the decline will continue? You can share your views with us in the comments section.