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Facebook is going the way of California. It’s losing people.
The news for the social media behemoth was grim.
According to CNBC:
- Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
- Inflation, supply chain disruptions at advertisers and users shifting to products that “monetize at lower rates” are among the key issues the company faces.
- Revenue in the first quarter will be between $27 billion and $29 billion, while analysts were looking for that number to top $30 billion.
