Some Wall Street analysts think Facebook parent company Meta might report its first quarterly loss on Wednesday, July 27.
While Mark Zuckerberg, the CEO of Facebook parent company Meta, has beento anyone who will listen about the inevitability of our participation in the so-called metaverse, some analysts think the legacy component of his internet empire is in more trouble than ever.continues its inexorable stealing-away of young people. Apple’s anti-tracking app provisions have taken a huge bite out of Facebook’s business. The digital ad market in general is in a huge slump.
The social media giant’s corporate parent — which also owns Instagram and WhatsApp — had until last year grown its revenue each quarter like clockwork by at least 20 percent. Now? “This company is facing this perfect storm,” said Mark Mahaney, the senior managing director of internet research at