Markets don't care about revenue as much as growth. If a company isn't growing, it's dying and static revenue figures don't assuage investors.
With declining user engagement and investments in the metaverse still many years away from an ROI, the markets are essentially saying that Facebook doesn't have the high-growth runway they've been used to for all of these years anymore.
With declining user engagement and investments in the metaverse still many years away from an ROI, the markets are essentially saying that Facebook doesn't have the high-growth runway they've been used to for all of these years anymore.