Facebook parent Meta Platforms Inc. posted its second revenue decline in a row, as the social-media giant wrestles with a vortex of challenging business conditions that have combined to shave more than half a trillion dollars from its market value so far this year.
The company reported quarterly revenue of $27.7 billion, down more than 4% from a year ago, after posting a 1% decrease last quarter. Meta’s share price fell more than 5% on Wednesday, amid a broad selloff of tech shares, and is now trading at a price last seen in 2017.
Meta shares dropped a further 20% in off-hours trading following the earnings report.
From the WSJ, more here
I think there are a lot of people like me that are tired of the crap, both from Fakebook and from people over posting.
They interfered with the elections and now disaster for Americans and the world.
I don’t believe in karma, but the saying is right, it’s a bitch.