Tablet Shipments Declined Over The Decade Expects To Rise In 2024
Meta’s Slow Progress in Revenue Generation in the First Quarter of 2023
By Aarti Dhapte , 09 June, 2023
In recent quarters, Meta has been struggling to generate any progress whatsoever. The reason behind the weak demand for ads is the softening economy. It has made it difficult for Meta and other social media companies to keep their gross figures from falling.
According to the sources, when Meta reported its latest earnings, surprisingly, the sales came in better than the analysts expected; the sales of USD 28.6 billion in the Meta for the initial three months of 2023, which is up 3 percent from the prior-year period.
Along with the revenue growth, the company also marked an increase in the number of active users on Facebook, which is 2 billion and rising by 4 percent year over year. It also includes all the social media platforms of Meta, like Instagram and WhatsApp. It averaged over 3 billion and an increase of 5 percent from the same period in 2022. As per the trusted sources, the Meta platforms business also generated positive revenue growth in the last quarter after multiple periods of negative progress. Meta also benefited from the advertisers by shifting their spending from TikTok and Twitter, as per the reports by The Motley Fool.
Latest News
Tablet Shipments Declined Over The Decade Expects To Rise In 2024
There is a growing demand for smartphones in the era of artificial intelligence. The technology-driven market prioritizes smartphones and personal computers (PCs) over tablets. It is due to consumers' convenience to reach out to smaller or larger…
Amazon Is The Largest Investor On Renewable Energy For 2024
The renewable energy industry is gaining momentum due to the transition of clean energy worldwide. The nations globally aim to achieve net zero emissions by the end of 2050. In the United States, the targets of clean energy transition are to be…
China Shuts Door To Battery Production In 2024
The growing concerns over climate change in 2024 are increasing the demand for rechargeable batteries. There has been a surge in lithium-ion batteries since the beginning of 2024. Several studies have developed a substitute for lithium-ion batteries…
Investments And Fundings Into Clean Energy Sector Supports The Transformation
The clean energy transition is gaining momentum due to nations' active interest in climate change issues. In 2024, significant breakthroughs in the green energy transformation research and development sector are commendable. Transition in the…
Artificial Intelligence Stands As A Challenge For Clean Energy Transition
Artificial intelligence is reigning over every sector of the economy in the era of technology. It has set up its era rather than being a part of technology only. Recent developments in artificial intelligence make it very important from the…
Aarti Dhapte
Team Lead - Research
