Meta’s disappointing Q4 2021 report caused a massive plunge in its stock, currently down over 22% in the after-hours trading session.
Facebook’s global daily active users decreased from the previous quarter for the very first time – to 1.929 billion from 1.930 billion. Supposedly, this made it harder to target and measure the ads posted on Instagram and Facebook. Additionally, the company also cited macroeconomic issues.
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