Debra Aho Williamson, an analyst at Insider Intelligence, said, "They're tired of it.". "Advertisers take notice when this happens in greater and greater quantities."
For the second quarter, Facebook is expected to show its first year-over-year revenue drop. Analysts are predicting modest growth in the third quarter, and the mood in mobile advertising is gloomy.
Daily active users increased by 18% to 347 million last week. As reported by FactSet, Facebook's DAUs increased 4% to 1.96 billion in the first quarter, a growth of about 3%.
Since Meta's stock has dropped 50% this year, its market cap has dipped below $500 billion, making it less valuable than Tesla, Berkshire Hathaway, and UnitedHealth.
We will definitely focus more on Meta's sensible business model Gebbie said.
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