Meta Revenue Falls 4% in Q4, as Facebook Hits 2 Billion Daily Users

Meta, the parent company of Facebook and Instagram, posted a revenue decline for the third consecutive quarter as it faces a pullback in ad spending and heightened competition from the likes of TikTok. Overall, the internet company reported revenue of $32.17 billion, down 4% year over year, for the fourth quarter of 2022. Net income […]