One analyst labeled the company’s dismal earnings and future strategy a “train wreck.”
from other platforms such as the Chinese-owned video app TikTok. This has resulted in the company posting consecutive quarters of revenue declines, with a third straight drop expected in the fourth quarter.
One Wall Street analyst described the news of Facebook’s latest earnings report as a “train wreck.” Facebook’s current state is a long way from its position in September 2021 when it was valued at more than $1 trillion.
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