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F5PPu6kGqj t1_itx1v60 wrote

> The company, which also owns Instagram and WhatsApp, is struggling as companies cut advertising budgets in the face of economic uncertainty, changes to Apple's privacy settings undercut its targeted ads, and competition from rivals such as TikTok heats up.

Good news.

> Meta continues to generate large profits - nearly $4.4bn in the three months ended in September, but it has also fended off a decline in users.

Oh...

> The company said 2.93 billion people were active on one of its platforms daily in the three months ended in September, up from 2.88 billion in the quarter before.

Not going away anytime soon then.

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Maxpowr9 t1_itxr8mi wrote

WhatsApp is where a lot of the "users" are but it doesn't really generate that much money.

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