The umbrella company of platforms such as Facebook, Instagram and WhatsApp. metashared its financial condition report for the first quarter of 2023. Looking at the shared data, we see that Meta’s condition is in limbo. Because the company increased its revenue after a long time. However, Meta focuses on augmented and virtual reality. Reality labs continues to suffer losses.

The name given the explanation on the subject, founder of Meta Mark Zuckerberg‘he said. Zuckerberg stated that things are going well and said they will continue to focus on artificial intelligence and metaverse technologies. Zuckerberg’s statement suggests that the Reality Labs division will continue to lose. Investors were informed of this situation during the earnings announcement meeting held. that they are not satisfied they are reported.

Meta has increased its revenue in the last 3 months

The report shared by Meta, over the past three months $28.7 billion It shows that money is being made. That is 3 percent more than in the same period last year. However, there is an important point here. Meta reported revenue declines in the previous three quarters. This situation has now changed. The rest of the money earned is $5.7 billion declared as. Meta’s profitability was down 24 percent year-over-year.

Meta’s Financial Black Hole: Reality Labs

Let’s get to the Reality Labs part… Over the past year more than $13 billion The loss-making metaverse and artificial intelligence division took off quickly in the first quarter of 2023. So much so that in the past three months $3.99 billion damaged. Mark Zuckerberg’s attitude shows that this damage is not considered significant. However, as we just mentioned, investors don’t think much like Mark Zuckerberg.

There is an increase in the number of Facebook users!

The report Meta shared with the public, Number of Facebook users shows an increase. According to this; The number of daily users of Facebook increased by 4 percent year-on-year to 2.04 billion. The number of monthly users of the platform increased by 2 percent. 2.99 billion it happened.

How many employees does Meta have?

Meta, which made massive layoffs in the 2022-2023 season, also shared its current workforce as of March 31, 2023. As a result, the number of employees at Meta fell by 1 percent on an annual basis and 77 thousand 114 was recorded as.