Facebook Parent Meta Posts Slowest Revenue Growth Since IPO

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Facebook Parent Meta Posts Slowest Revenue Growth Since IPO
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Facebook parent Meta reported its slowest sales growth since going public, as the company navigates growing competition for users and privacy headwinds in its advertising business

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since going public a decade ago, as the company navigates growing competition for users and privacy headwinds on its advertising business. Meta’s advertising revenue for the first quarter was $27.9 billion, up 6.6% compared with a year prior. Analysts had predicted Meta’s advertising revenue would rise to $28.3 billion in the first quarter of 2022.

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