the staff of the Ridgewood blog
Ridgewood NJ, Facebook reported its first-ever quarterly decline of global daily users and lower-than-expected ad growth at an earnings call on Wednesday. The news resulted in a massive stock drop that wiped out roughly $200 billion in market value. Its drop in daily users may be due to Facebook’s increasing lack of relevance with young people. Meta is still wildly profitable, making nearly $40 billion last year. It plans to release its next VR headset later this year.
Continue reading Facebook loses daily users for the first time ever
