Facebook Parent Meta Posts Slowest Revenue Growth Since IPO

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Facebook Parent Meta Posts Slowest Revenue Growth Since IPO
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Facebook parent Meta reported its slowest sales growth since going public, as the company navigates growing competition for users and privacy headwinds in its advertising business

Bumping into walls? Running out of battery? Clunky controllers? The Meta Quest 2 virtual-reality headset—once known as the Oculus Quest 2—has its flaws. But not to worry, WSJ’s Joanna Stern has tips to fix those problems and more. Photo illustration: Preston Jessee for The Wall Street Journalslowest revenue growth

since going public a decade ago, as the company navigates growing competition for users and privacy headwinds on its advertising business. Meta’s advertising revenue for the first quarter was $27.9 billion, up 6.6% compared with a year prior. Analysts had predicted Meta’s advertising revenue would rise to $28.3 billion in the first quarter of 2022.

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