Meta lost 20 million users last quarter
📖 Full Retelling
Meta is planning to pump billions more into AI investments this year, despite noting that millions of users have seemingly started to abandon its platforms. In an earning call on Wednesday , Meta reported that figures for "Family daily active people" - the term Meta has coined for all collective users of Facebook, Instagram, WhatsApp, or Messenger - declined by 20 million this quarter compared to the previous three months.
Meta attributes this fall to "internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia ." It's up to you whether you take Meta on its word, given that by bundling the user stats together across …
Read the full story at The Verge.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
Meta is planning to pump billions more into AI investments this year, despite noting that millions of users have seemingly started to abandon its platforms. In an earning call on Wednesday , Meta reported that figures for "Family daily active people" - the term Meta has coined for all collective users of Facebook, Instagram, WhatsApp, or Messenger - declined by 20 million this quarter compared to the previous three months.
Meta attributes this fall to "internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia ." It's up to you whether you take Meta on its word, given that by bundling the user stats together across …
Read the full story at The Verge.
Read full article at source