Their revenue and net income are up 20% and 70% yoy. Apparently we can still sell more ads than what I thought is possible.
It's not necessarily more ads but rather more effective ads. Meta is among the best ad platforms for targeting. Customers pay a premium for this.
They also accept every single scam scheme and I am sure these scammers have deep and money pockets after all these successful Facebook campaigns
Sadly, the cancer is still growing.
I honestly wonder if Meta is just cooking the books now. Who are these advertisers ramping up ad spend on that site? And why?
Every time I visit Instagram a slightly different 'Elon Musk invested in ...' or 'Shark Tank approved investment ...' bullshit is within the first 3 posts.
This has been line this for at least a few years.
I heavily assume Facebook is getting richer from enabling scam