Meta reports 11% revenue growth, but the metaverse still suffers

Meta had one of its best quarters since before it changed its name from Facebook. The company reported 11% year-over-year revenue growth, which is a sigh of relief for investors, because this time last year, Mark Zuckerberg’s company posted its first ever quarterly revenue decline. Meta’s stock price reflects this — while the stock took a nose dive through 2022, it’s now climbing back up again, trading at around $298 per share after markets closed today.
Part of why Meta is making more money is because it’s laid off more than 20,000 employees, which makes personne

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