Meta’s growth comes to screeching halt as company projects first revenue drop
by Kari Paul from Technology | The Guardian on (#61WD6)
The company in its second-quarter earnings report said it anticipates lower than predicted revenue of $26bn to $28.5bn
For the first time in nearly a decade, Meta's explosive growth has come to a halt, as the Facebook parent company forecast its first decline in revenue since it went public.
Meta, in its second-quarter earnings report on Wednesday, said it expects third-quarter revenue of between $26bn and $28.5bn - lower than the $30.52bn analysts predicted.
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