Meta Disappoints With First-Ever Sales Decline

The transcript discusses Meta's financial challenges, including a decline in ad revenue and sales, and its strategic pivot towards the Metaverse. It highlights the economic impact on digital ad-supported businesses and leadership changes within Meta. The discussion also covers skepticism about the Metaverse's potential and the FTC's scrutiny of Meta's acquisitions, raising antitrust concerns.

What are some of the global economic factors affecting Meta's ad revenue?

• Increase in global trade

• Growth in the tech sector

• Rise in oil prices

• War in Ukraine and US economic slowdown

How has Meta responded to the financial challenges it faces?

• Launched new products

• Expanded into new markets

• Reduced hiring and expense growth

• Increased hiring

Who is set to become the first female CFO at Meta?

• Sheryl Sandberg

• Susan Lee

• Ruth Porat

• Deborah Weiner

What is the main focus of Meta's strategic pivot?

• Blockchain technology

• Artificial Intelligence

• The Metaverse

• Cloud computing

What financial loss did Reality Labs incur in the quarter?

• $4 billion

• $1.5 billion

• $2.8 billion

• $3.2 billion

What is the FTC's concern regarding Meta's acquisitions?

• Poor integration of acquired companies

• Lack of innovation

• Potential antitrust issues

• High acquisition costs

Which previous acquisitions by Meta have been criticized for antitrust concerns?

• Instagram and WhatsApp

• YouTube and Pinterest

• LinkedIn and Twitter

• Snapchat and TikTok