Apr 27, 2022
Daily Facebook users up again after first-ever decline
Image source, EPA.Facebook appears to have stopped losing users, even as its owner reported its slowest revenue growth in a decade. The number of daily active Facebook users grew to 1.96 billion in the first three months of the year, parent company Meta reported on Wednesday. Meta - which also owns Instagram and WhatsApp - still reported its slowest revenue growth in at least a decade. Revenues in the first three months of the year were up just 7% compared to 2021, hitting $27.9bn.Analysts say businesses are pulling back on advertising as they grapple with rising costs and economic uncertainty, stemming in part from the war in Ukraine. Google-owner Alphabet earlier this week said advertising revenue in the first three months of the year rose 22%, more slowly than analysts had expected, while the smaller Snap also warned of troubles.
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