Meta reports first annual sales fall since IPO
The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of users on Facebook hit two billion for the first time.
- Economy
- AFP
- Published Date: 12:39 | 02 February 2023
- Modified Date: 12:43 | 02 February 2023
Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring.
The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of users on Facebook hit two billion for the first time.
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