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That doesn't sound right. "Facebook reported $23.1 billion net profit in 2022, a decline on the $39.3 billion made in 2021. Meta has invested heavily into the
by deeviant 4y ago
That doesn't sound right.
"Facebook reported $23.1 billion net profit in 2022, a decline on the $39.3 billion made in 2021. Meta has invested heavily into the metaverse, which is cutting into its profits."
https://www.businessofapps.com/data/facebook-statistics/ https://www.businessofapps.com/data/facebook-statistics/
- ensignavenger 4y agoThat means they are still making tons of money, just less than they did a year ago.
- mrtranscendence 4y agoIf profits keep going down at similar rates, we'll see how long "tons" lasts.
- Ancalagon 4y agoI know I've already heard they were investing a lot of money, but _tens of billions of dollars_ in the metaverse? Holy fuck. Where is it all going?
- x0x0 4y agoheadcount