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Meta profits crash
source : Russia Today ( News ) () 21
Facebook parent firm reports the slowest revenue growth since going public in 2012 Facebook’s parent company Meta Platforms has reported a 21% drop in profits for the first quarter of this year, the company’s slowest revenue growth since going public a decade ago. According to the First Quarter 2022 Results released on Wednesday, the company’s profit was $7.5 billion as opposed to $9.5 billion during the same period last year. Income from operations plummeted by 28%. Total revenue however rose 7% to $27.9 billion. The results follow Meta’s bleak financial report for the Fourth Quarter and Full Year 2021 released i

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