Meta drops users and profits in surprise result

Tom Allen
clock • 2 min read
Changes to Apple's advertising policy last year are expected to cost Meta as much as $10 billion
Image:

Changes to Apple's advertising policy last year are expected to cost Meta as much as $10 billion

While the overall result was good, changes to social media advertising and a new investment in alternate realities pulled profits down

Meta has declared another strong set of financial results, with increased users across all apps and rising revenues and profits. However, while overall users were up nine per cent, Facebook itse...

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