Yesterday, Meta announced its second quarterly results after its major rebranding, and things were a bit more positive this time around. The company gained daily active users (1.96 billion from 1.92 billion last quarter), and posted $27.9 billion in revenue with a year-on-year growth rate of 7%. While it was the slowest growth the tech giant has ever posted, Wall Street was happy with this performance. From its earnings call, we got to learn that the company is putting in more money towards building its metaverse — but it might take more than a few years to see a fully…
This story continues at The Next Web
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