Wall Street breathes a small sigh of relief: Meta's performance for the start of 2022 is better than feared.
The previous quarter had been marked by the decline in the number of daily users of Facebook, a historic first which had led to a severe correction with a 25% drop in the share price.
But the flagship of the Californian group has picked up the slack, going from 1.93 to 1.96 billion daily users.
The Stock Exchange, reassured, pushed the title up by 17%.
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This increase in usage is the only good news from these quarterly results.
Meta missed market expectations for its financial performance.
Its turnover increased by only 7% in one year (27.9 billion dollars).
This is its worst performance since its IPO.
Operating profit fell by 25% ($8.5 billion) and net income by 21% ($7.4 billion).
Forecasts for the period…
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