News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
21
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
25
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Wajeet Rass
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
21
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
25
o
South
26
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Meta reports 11 percent revenue growth, but the metaverse still suffers
Variety and Tech
27-07-2023 | 09:43
High views
Share
Share
0
min
Meta reports 11 percent revenue growth, but the metaverse still suffers
Meta had one of its best quarters since before it changed its name from Facebook. The company reported 11 percent year-over-year revenue growth, which is a sigh of relief for investors, because this time last year, Mark Zuckerberg’s company posted its first-ever quarterly revenue decline. Meta’s stock price reflects this — while the stock took a nose dive through 2022, it’s now climbing back up again, trading at around $298 per share after markets closed today.
Part of why Meta is making more money is because it’s laid off more than 20,000 employees, which makes personnel costs much lower. Though this correction for over-hiring has serious implications for those who lost their jobs, investors seem to be pleased. Meta calls this downsizing “The Year of Efficiency,” which is a much more palatable way to say “mass layoffs” on an earnings call.
Read the full story at:
https://techcrunch.com/2023/07/26/meta-earnings-q2-2023/
Variety and Tech
Meta
Reports
Revenue
Growth
Metaverse
Still
Suffers
Next
World has 'lost a giant' with Armani's death: Donatella Versace
Recommended For You
d-none hideMe
0
World News
06:41
SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centres
World News
06:41
SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centres
0
World News
2025-10-20
Kering to sell beauty business to L’Oréal for €4 billion to cut debt
World News
2025-10-20
Kering to sell beauty business to L’Oréal for €4 billion to cut debt
0
Variety and Tech
2025-10-17
Kiss lead guitarist Ace Frehley dies at 74
Variety and Tech
2025-10-17
Kiss lead guitarist Ace Frehley dies at 74
0
Variety and Tech
2025-10-06
OpenAI places huge order for AMD chips in multi-year partnership
Variety and Tech
2025-10-06
OpenAI places huge order for AMD chips in multi-year partnership
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
10:45
PM Salam discusses South Lebanon and post-UNIFIL phase with UNIFIL commander
Lebanon News
10:45
PM Salam discusses South Lebanon and post-UNIFIL phase with UNIFIL commander
0
Middle East News
2025-10-08
Riyadh Air to launch inaugural flight to London on October 26
Middle East News
2025-10-08
Riyadh Air to launch inaugural flight to London on October 26
0
Israel-Gaza War Updates
07:58
Israel returns 30 Palestinian bodies to Gaza
Israel-Gaza War Updates
07:58
Israel returns 30 Palestinian bodies to Gaza
0
Lebanon News
2025-10-21
High-level French judicial delegation arrives in Lebanon to boost legal cooperation
Lebanon News
2025-10-21
High-level French judicial delegation arrives in Lebanon to boost legal cooperation
Videos
d-none hideMe
0
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
0
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:09
Tourists turned hostages: Lebanese Army rescues two Iraqis after cross-border kidnapping
News Bulletin Reports
13:09
Tourists turned hostages: Lebanese Army rescues two Iraqis after cross-border kidnapping
2
Lebanon News
12:15
Hezbollah's Qassem: Enough with threats against Lebanon, BDL governor is not a US employee
Lebanon News
12:15
Hezbollah's Qassem: Enough with threats against Lebanon, BDL governor is not a US employee
3
News Bulletin Reports
12:48
Diaspora votes: Lebanon's 2026 elections could redefine lawmaking with larger Parliament
News Bulletin Reports
12:48
Diaspora votes: Lebanon's 2026 elections could redefine lawmaking with larger Parliament
4
Lebanon News
06:14
Lebanese lawmakers push presidential action to restore diaspora voting rights
Lebanon News
06:14
Lebanese lawmakers push presidential action to restore diaspora voting rights
5
News Bulletin Reports
13:00
Preparations for second phase of Gaza plan: Egyptian intelligence chief meets Israeli leaders
News Bulletin Reports
13:00
Preparations for second phase of Gaza plan: Egyptian intelligence chief meets Israeli leaders
6
Middle East News
11:13
UK removes terrorism designation for Syria's HTS
Middle East News
11:13
UK removes terrorism designation for Syria's HTS
7
Lebanon News
11:11
MP Gemayel: Law restricting only six seats for expatriates is a form of 'political marginalization'
Lebanon News
11:11
MP Gemayel: Law restricting only six seats for expatriates is a form of 'political marginalization'
8
Middle East News
13:55
UK deploys small number of military officers to Israel following US request
Middle East News
13:55
UK deploys small number of military officers to Israel following US request
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More