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Meta Reports Slowdown in User Growth and Revenue Amid Shifting Economic Conditions

July 27, 2022


Tough times at Meta, with the company reporting a decline in monthly active Facebook users, and a further slowdown in revenue, as global economic trends continue to impact the company’s overall performance.

First off, on usage – Facebook is currently seeing 1.97 billion daily active users, a slight increase on last quarter.

The increases were almost entirely driven by the Asia Pacific market, with Facebook continuing to grow in India and Indonesia specifically. Though Facebook usage has continued to decline in Europe, this time in a significant way.

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