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Topic: Meta posts second-ever quarterly revenue decline and hints at cost cutting (Read 54 times) previous topic - next topic

Meta posts second-ever quarterly revenue decline and hints at cost cutting

Meta posts second-ever quarterly revenue decline and hints at cost cutting

[html]Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making "significant changes" aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business.[/html]

Source: Meta posts second-ever quarterly revenue decline and hints at cost cutting (http://ht**://www.cnn.c**/2022/10/26/tech/meta-earnings/index.html)