Meta says its metaverse biz lost another $3B… but the 2030s will be “exciting”

Meta says its metaverse biz lost another $3B… but the 2030s will be “exciting”

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/27/meta-facebook-q1-2022-earnings/

Do you hear that? It’s the sound of every Meta executive breathing a deep sigh of relief, because unlike last quarter, Facebook’s daily active users (DAUs) are up… a little.

For the second time since its rebrand from Facebook, Meta has reported its quarterly earnings. Last time, the Facebook platform reported its first decline in DAUs in its eighteen-year history, but now, Facebook boasts 1.96 billion DAUs, up from 1.92 billion last quarter.