> One area where Meta showed promise was in adding to Facebook’s massive user base
> Facebook has 2.93 billion monthly active users. 1.98 billion daily active users. That was up from 1.97 billion three months ago.
> Facebook has 264 million monthly active users in the United States and Canada alone. The majority of Facebook’s users belong to the 25 to 34 age group.
> Twitter has 206 million daily active users.
> TikTok has 1 billion monthly active users (MAU’s).
Facebook is going through a massive pivot and spending a wild amount of $$ on the Metaverse. All tech stocks are down. So I wouldn't put too much weight on stock price.
The other major thing is how Apple changed ad tracking works which reduce ad prices by 20% on average. That's a major decline in revenue for any company ("Advertising represented 98.2% of the company’s total revenue"). But YoY revenue only declined by 4%.
https://www.wsj.com/articles/meta-facebook-q3-earnings-repor...