Everand Logo

Welcome to Everand!

  • NPR

    Facebook's parent company reports a drop in revenue for the first time ever

    CEO Mark Zuckerberg says Meta will slow hiring and tighten its budget. Soaring inflation, interest rate hikes and other economic woes have affected the digital advertising the company depends on.
    by Shannon Bond Jul 27, 2022 3 minutes
    Facebook parent Meta's results are the latest sign of a protracted slowdown in the digital ad market.
    Updated July 27, 2022 at 7:03 PM ET

    Facebook parent Meta was hit with a double whammy in the last three months: revenue fell for the first time ever and profit shrank for the third straight quarter, amid growing competition from TikTok and nervousness from advertisers.

    "We seem to have entered an economic downturn that will have a broad impact on the digital advertising business," CEO Mark Zuckerberg told investors on

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR1 min read
    How The FBI's Fake Cell Phone Company Put Criminals Into Real Jail Cells
    There is a constant arms race between law enforcement and criminals, especially when it comes to technology. For years, law enforcement has been frustrated with encrypted messaging apps, like Signal and Telegram. And law enforcement has been even mor
    NPR4 min read
    Dabney Coleman, Who Starred In '9 To 5' And 'Tootsie', Dies At 92
    Dabney Coleman, the mustachioed character actor who specialized in smarmy villains like the chauvinist boss in "9 to 5" and the nasty TV director in "Tootsie," has died.
    NPR1 min read
    The History Of Light (classic)
    For thousands of years, getting light was a huge hassle. You had to make candles from scratch. This is not as romantic as it sounds. You had to get a cow, raise the cow, feed the cow, kill the cow, get the fat out of the cow, cook the fat, dip wicks

    Related Books & Audiobooks