Meta reports its first decline in revenue since 2012 | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Meta reports its first decline in revenue since 2012

Tech

TBS Report 
30 July, 2022, 12:50 pm
Last modified: 30 July, 2022, 12:52 pm

Related News

  • AL man arrested in Ctg for ‘threatening to kill CA, CJ, army chief’ in Facebook video
  • All new Facebook videos to be classified as Reels soon: Meta
  • Now you can view Facebook photos, use Messenger without data balance on Robi
  • Another fake Facebook account created using ACC chairman's identity
  • Foreign Ministry's Facebook page compromised, investigation underway

Meta reports its first decline in revenue since 2012

TBS Report 
30 July, 2022, 12:50 pm
Last modified: 30 July, 2022, 12:52 pm
The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard in this illustration taken on November 2, 2021. Photo: Reuters
The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard in this illustration taken on November 2, 2021. Photo: Reuters

Meta, one of the biggest giants in the social media sphere, has reported its first revenue decline ever: a 1% decline in revenue in the second quarter of 2022.

This decline comes as a direct result of the company's long term goal of pivoting away from their time as social media titan Facebook and into the "metaverse."

In their quarterly earnings report for Q2 2022, Meta's investors were made privy to a downturn in the company's revenue when compared to Q2 2021.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

A one percent decline in revenue may not seem like a huge loss, but a report by the New York Times reveals that this is the first time the company has reported a revenue loss since the company went public in 2012.

On top of that, Meta also revealed a 36% loss in net income for Q2 year-over-year.
 

metaverse / Facebook

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 
  • Infographics: TBS
    How state-owned Gazi Wires sinks into losses due to reliance on govt procurement
  • Representational image/Reuters
    Dollar gets upward push as BB buys $10m more in auction at even higher rate

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • AL man arrested in Ctg for ‘threatening to kill CA, CJ, army chief’ in Facebook video
  • All new Facebook videos to be classified as Reels soon: Meta
  • Now you can view Facebook photos, use Messenger without data balance on Robi
  • Another fake Facebook account created using ACC chairman's identity
  • Foreign Ministry's Facebook page compromised, investigation underway

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

8h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

9h | TBS Today
13 political parties meet with chief advisor; urge to announce election date

13 political parties meet with chief advisor; urge to announce election date

9h | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

10h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

11h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net