Published 07/27/2022 8:42:02 p.m.

Facebook owner Meta reports first ever revenue drop

Summary by Ground News

Facebook and Instagram's parent company Meta posted its first revenue decline in history on Thursday. The company earned profits of $6.69 billion, or $2.46 per share, in the April-June period. Shares of Meta Platforms Inc. fell 58 cents to $169 in after-hours trading.

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Times of India

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales.

07/28/2022 3:47:14 a.m.·India

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BBC News

Facebook owner Meta in first ever sales fall for

The owner of Instagram and WhatsApp faces increased competition from the likes of TikTok.

07/27/2022 8:43:18 p.m.·United Kingdom

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The Independent

Facebook owner Meta reports first ever drop in revenue

Contributing factors include a drop in ad sales and competition from TikTok

07/27/2022 11:20:16 p.m.·London, United Kingdom

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CTV News

Facebook parent Meta posts first revenue decline in history

Facebook and Instagram's parent company Meta posted its first revenue decline in history on Thursday, dragged by a drop in ad spending as the economy falters -- and as competition from rival TikTok intensifies.

07/27/2022 8:54:55 p.m.·Canada

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Reuters

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales.

07/27/2022 8:41:48 p.m.·United Kingdom

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Associated Press News

Facebook parent Meta posts first revenue decline in history

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.

07/27/2022 8:27:55 p.m.·United States

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