Meta Continues Slide in Q3 2022 Amid Calls for Cuts in Headcount, Metaverse Investments

The third quarter of 2022 was another disappointing three-month period for Meta, as Facebook’s parent company posted revenue of $ 27.71 billion, down 4% from $ 29.01 billion in the third quarter of 2021. While the company’s revenue for the quarter slightly exceeded projections of $ 27.38 billion from Refinitiv and $ 27.4 billion from Investopedia, that did little…
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