Facebook shrugs off fears it's losing users

Enlarge this image

Shares in Facebook parent company Meta surged after it reported a return to user growth, even though the company’s profits dropped and sales growth slowed. Jenny Kane/AP

Jenny Kane/AP

More people used Facebook in the first quarter than analysts expected, easing concerns about competition from TikTok that led the world’s biggest social network to lose users for the first time ever last year.

Shares in Facebook parent company Meta surged on Wednesday afternoon after it released its latest earnings report – even though the

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

Hiltzik: Here’s the danger for Musk’s view of free speech absolutism

There seem to be almost as many opinions about whether Elon Musk’s acquisition of Twitter will be good for the platform or bad as there are...

Tangible benefits of new construction

The experience and the result of purchasing a new construction home differ dramatically from the experience and the end result of buying a resale...

People in Beijing can now book a taxi with no one at the wheel | CNN Business

Baidu (BIDU) and autonomous driving startup Pony.ai announced Thursday that they had won the country's first permits to provide robotaxi ride-hailing services to the...