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Facebook parent Meta reports fall in quarterly revenue – but still beats expectations | Business News
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Facebook parent Meta has beaten estimates for its quarterly revenue, helped by its continued dominance of the online advertising market. Revenue in the third quarter fell for a second consecutive time to $27.71bn (£23.83bn) from $29.01bn (£24.94bn). But it was still above analysts’ expectation of $27.38bn (£23.54bn), according to Refinitiv data. Net income fell to…
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Meta defends ‘safe’ Instagram posts seen by Molly Russell | Science & Tech News
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Instagram content viewed by teenager Molly Russell before she took her own life was safe, the social media site’s head of health and wellbeing has told a court. Elizabeth Lagone, a Meta executive, was taken through a number of posts the schoolgirl engaged with on the platform in the last six months of her life. Meta is…
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advertising, Business, competition, drop, Facebook, Meta, News, owner, reports, revenue, sales, TikTok
Facebook owner Meta reports first ever revenue drop amid lower advertising sales and competition from TikTok | Business News
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Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares…