Emerging Tech Investments

Emerging Tech Investments

Earnings Spell

Meta sees first-ever revenue drop

The Metaverse is failing to attract growth so far

Michael Spencer's avatar
Michael Spencer
Jul 28, 2022
∙ Paid

Hey Guys,

So predictably, Meta missed on the top and bottom lines and gave a troubling forecast for the third quarter. It’s the first-ever revenue drop for Facebook, the stock is down 4.53% after hours. Luckily the day coincided with an unexpected huge rise in the NASDAQ. META 0.00%↑

Microsoft’s CFO gave good guidance and the Fed also made future friendly stateme…

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