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The Wall Street Publication > Blog > Tech > Facebook Revenue Slows, but User Gains Fuel Stock
Tech

Facebook Revenue Slows, but User Gains Fuel Stock

Editorial Board Published April 27, 2022
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Facebook Revenue Slows, but User Gains Fuel Stock
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Facebook parent Meta Platforms added more users than expected but posted its slowest revenue growth since going public a decade ago, as the company navigates growing competition and privacy headwinds for its advertising business.

The user numbers were a surprise for the tech giant. In the wake of poor earnings results from other digital-ad rivals earlier this week, investors had feared the worst; and on Wednesday they pushed Meta shares up more than 18% after the results were announced.

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