‘Expect Meta’s decline to continue until Meta can monetize the metaverse, and begin another Meta-reverse…’

Posted BY: Billy | NwoReport

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

The company’s stock dropped slightly in after-hours trading following the results, suggesting Wall Street was largely expecting the weak earnings report. The tech titan has come under heavy fire recently for its ultra-woke and far-leftist policies and its apparent mission to cancel conservative thought.

The results also largely followed a broader decline in the digital advertising market that is dinging rivals such as Alphabet and Snap. Google’s parent company reported its slowest quarterly growth in two years on Tuesday.

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Meta also faces some unique challenges, including the looming departure of its chief operating officer Sheryl Sandberg, the chief architect of the company’s massive advertising business.

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