![]() The company has not made public the sales numbers for its virtual reality Quest headsets.The company said on Wednesday it would this year change its stock ticker to “META,” the latest step in its rebrand to focus on the metaverse, a futuristic idea of virtual environments where users can work, socialize and play. “Reality Labs posted revenue of about $2.3 billion in 2021. Zuckerberg had previously warned that the company’s investment in this area would reduce 2021 operating profit by $10 billion and would not be profitable “any time in the near future. 4.70 billion people around the world now use social media, 227 million new users have come online within the last 12 months The average daily time spent using. Thats nearly 5X the population of the United States, 20 of the world. It was the first time the company had broken out this segment in its results. 800 million monthly active users are on the Marketplace ( TechCrunch) How often do brands post a day on Facebook Brands post an average of 2. Facebook has 1.56 billion daily active users. The firm also warned of slowing revenue growth in the face of competition. ![]() Facebook’s parent company Meta Networks says DAUs fell to 1.929bn in the three months to the end of December, compared to 1.930bn in the previous quarter. The interaction statistics show post views and. #Daily active users facebook fullNet loss from Meta’s Reality Labs, the company’s augmented and virtual reality business, was $10.2 billion for the full year 2021, compared with a $6.6 billion loss the previous year. Social media giant Facebook has seen its daily active users (DAUs) drop for the first time in its 18-year history. The user statistics include charts for new likes, lifetime likes and daily, weekly and monthly active users. In Meta’s earnings call, he said competition for users was one factor impacting the business, mentioning short video app TikTok by name and emphasising Meta’s commitment to providing services for young adults. “I’m encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we’ll continue investing in these and other key priorities in 2022 as we work towards building the metaverse,” CEO Mark Zuckerberg said in the earnings release. During the second quarter of 2022, Meta reported 2.88 billion people were using at least one of the company's core products (Facebook, WhatsApp, Instagram, or Messenger) every day. “It’s clear that there are many big roadblocks ahead as Meta faces tough new competition for ad revenue such as TikTok, and as it contends with ongoing ad targeting and measurement challenges from Apple’s iOS changes,” said Insider Intelligence analyst Debra Aho Williamson.The company’s total revenue, the bulk of which comes from ad sales, rose to $33.67 billion in the fourth quarter from $28.07 billion a year earlier, beating analysts’ estimates of $33.40 billion, according to IBES data from Refinitiv. ![]()
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