Facebook's revenue declined for the first time in history, this is the main reason for the loss

Meta is continuously facing losses on many fronts. Along with the declining popularity, Facebook has also suffered losses in history at the level of revenue. The economy faltered due to a drop in advertising spending and it has also affected Facebook.

Meta is continuously facing losses on many fronts. Along with the declining popularity, Facebook has also suffered losses in history at the level of revenue. The economy faltered due to a drop in advertising spending and it has also affected Facebook. After the company's results, there has been a slight decline in the stock of Meta. Along with earning, Meta is also facing many other challenges. It also includes the resignation of the company's Chief Operating Officer Sheryl Sandberg from the company. Sherrill is considered the chief architect of Meta's advertising business.

Earning more than $6 billion

During April to June 2022, Meta has recorded earnings of $ 6.69 billion or $2.46 / share. This earning is 36% less than the previous year in the same time period. Last year, the company reported earnings of $10.39 billion or $3.61/share during April-June.

Facebook's growth also slows

Along with revenue, there are brakes on the growth of Facebook. According to the company's internal research report, due to nudity and safety of women on Facebook in India, growth has been braked. Facebook's growth in India has registered a decline in a quarter for the first time. India is one of the biggest markets for Facebook.

The company believes in its internal report that the reason for the low interest in Facebook among women is its lack of security and privacy. Women are turning away from Facebook due to content safety and unwanted contacts. Meta itself has admitted that the decline in growth is a matter of concern for them.