Meta reports first annual sales fall since IPO

Meta reports first annual sales fall since IPO

Published February 02,2023


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Facebook and Instagram proprietor Meta on Wednesday reported its first annual gross sales drop for the reason that firm went public in 2012, however the fall was much less brutal than anticipated, sending its share value hovering.

The social media large mentioned gross sales dropped one p.c to $116.6 billion in 2022, whereas it additionally introduced that the variety of customers on Facebook hit two billion for the primary time.

Source: www.anews.com.tr

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