Meta reports 2.94 billion monthly active users, but long-term growth is slowing down.
On April 27th, Meta released its first quarterly financial report for 2022. With it, the company manages to defy the gloomy expectations of consumers and investors alike. The key takeaway - more users, more revenue, less growth.
After a certain period of stagnation and loss of users, Facebook seems to be once again gaining some, albeit limited, traction. The number of daily users also showcases a 4% net increase on a yearly basis. This also comes in the aftermath of the suspension of the social media platform in Russia.
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