showed a rise in daily active users, and after CEO Mark Zuckerberg tried to reassure investors about metaverse-related expenses.
It reported that daily active users rose by three million from the last quarter to 1.96 billion, beating analyst expectations of 1.95 billion. Garner said user growth remains a challenge for Meta, in view of the combined headwinds on several fronts: Apple's App Tracking Technology, the shift of user behaviour to short-form video where monetisation is lower,, the war in Ukraine, macro-economic uncertainty and unfavourable currency movements.
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