https://techcrunch.com/2022/07/27/meta-posts-its-first-ever-quarterly-revenue-decline/

The company formerly known as Facebook isn’t doing so hot. After cutting its overhead, scaling back hiring and weathering a new SEC investigation, it doesn’t come as a surprise that Meta’s second quarter financial results are a bit messy.

The most worrisome piece of news today? For the first time since going public in 2007, Meta reported a decline in quarterly revenue year over year. The company’s revenue was $28.82 billion, a 1% decrease from $29.07 billion in the second quarter of 2021.