Meta posts its first ever quarterly revenue decline

The company formerly known as Facebook isn’t doing so hot. After cutting its overhead, scaling back hiring and weathering a new SEC investigation, it doesn’t come as a surprise that Meta’s second quarter financial results are a bit messy.
The most worrisome piece of news today? For the first time since going public in 2007, Meta reported a decline in quarterly revenue year over year. The company’s revenue was $28.82 billion, a 1% decrease from $29.07 billion in the second quarter of 2021.
On her final quarterly earnings call, outgoing COO Sheryl Sandberg blamed this dec

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