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The Motley Fool fool.com 31 Jul, 2022 14:30 am

Sales Fall for the First Time in Meta's History

Sales Fall for the First Time in Meta's History
Meta's shares dropped 6% on the day following the release.

Meta Platforms (META -1.It's all boiling down to advertisers becoming less willing to spend money on Meta's platforms.Meta faces several headwinds, including privacy policy changes from Apple, a slowing economy, and the Russian invasion of Ukraine.Beyond company-specific factors, Meta's business is hurting from the Russian invasion of Ukraine.

88 billion daily active users.Facebook added 8 million daily active users quarter over quarter, including a loss of 4 million users from Russia and Ukraine.

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