Meta reported second quarter earnings after the Bell yesterday,
posting its first every yearly drop in revenue. Now
. The facebook parent company reported revenue of$28.8 billion
versus 28.9 billion expected, with earnings per share also
missing expectations at$2.46 compared to$2 and 59 cents
expected. And this marks the company's first declining revenue
from the year earlier, at almost 1%. That
are also issued a mute outlook for the third quarter
, as it deals with competition from Tiktok a drop
and advertising spending and continued challenges from changes to Apple's
privacy policy.