Facebook user numbers bounced back last quarter, but metaverse business lost another $2.9 billion

It was a mixed bag of first-quarter earnings results for Meta. Facebook DAUs, which had fallen from 1.93 billion to 1.92 billion in Q4 2021, were up to 1.96 billion in Q1 2022, beating Wall Street estimates of 1.95 billion. But the company’s total quarterly revenue of $27.91 billion missed…

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