Post by account_disabled on Feb 24, 2024 6:52:28 GMT
According to the annual report, revenue from advertising campaigns increased by 37% in 2021 and amounted to $115 billion. Facebook's total revenue is $118 billion. The quarterly report created a real boom around Zuckerberg's corporation, which negatively affected the Metaverse. Shares of Meta Platforms Inc fell by more than 20% in one day — more than $200 million, which was called “a historic fall in Facebook shares. Investors, having learned about the details of Facebook's quarterly report, provoked a collapse of the company's shares.
The reasons for the decline in shares Representatives of the social network cite two main reasons: Decrease in daily active users. The reason for the Asia Phone Number List low attendance was the high competition of TikTok. Apple's new privacy policy has affected advertising revenue. The number of daily active users has fallen for the first time in history. From the third to the fourth quarter of 2021, almost half a million people stopped logging into Facebook every day. According to Zuckerberg, the reason for the loss of users is related to TikTok, citing an "unprecedented level of competition".
Facebook news Meta's inflated costs are related to the company's long-term presentation in the future. The CEO is working to make the Metaverse the next stage — "an investment that hasn't paid off yet." Meta also receives less money from advertising. Apple's app tracking transparency feature "eats" advertising revenue. This limits the ability of apps for iPhone owners to track user data and target Facebook ads, resulting in lower user engagement. Facebook news As a result, the company's net income fell 8% from a year earlier, and Facebook's expenses exceeded its profits.
The reasons for the decline in shares Representatives of the social network cite two main reasons: Decrease in daily active users. The reason for the Asia Phone Number List low attendance was the high competition of TikTok. Apple's new privacy policy has affected advertising revenue. The number of daily active users has fallen for the first time in history. From the third to the fourth quarter of 2021, almost half a million people stopped logging into Facebook every day. According to Zuckerberg, the reason for the loss of users is related to TikTok, citing an "unprecedented level of competition".
Facebook news Meta's inflated costs are related to the company's long-term presentation in the future. The CEO is working to make the Metaverse the next stage — "an investment that hasn't paid off yet." Meta also receives less money from advertising. Apple's app tracking transparency feature "eats" advertising revenue. This limits the ability of apps for iPhone owners to track user data and target Facebook ads, resulting in lower user engagement. Facebook news As a result, the company's net income fell 8% from a year earlier, and Facebook's expenses exceeded its profits.