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Facebook Hits 2.91 Billion Monthly Active Users In Q3; Earnings, Outlook Mixed Amid Advertising Headwinds

Mark Zuckerberg show reports target
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Facebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed numbers and a full year outlook that was below expectations.Revenue of $29.1 billion was a hair below Wall Street estimates.

Earnings per share of $3.22 were a beat.“We made good progress this quarter and our community continues to grow,” said Mark Zuckerberg, Facebook founder and CEO. “I’m excited about our roadmap, especially around creators, commerce, and helping to build the metaverse.”The company acknowledged a hit form Appl’s new iOS privacy feature that allows iPhone users to opt out of receiving targeted advertising.

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