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Here are some other key takeaways from Meta’s second quarter earnings report:

🔴Daily active users (DAUs) on Facebook were 2.06 billion, an increase of 5% year-over-year.
🔴Monthly active users (MAUs) on Facebook were 3.03 billion, an increase of 3% year-over-year.
🔴Ad impressions delivered across Meta’s Family of Apps increased by 34% year-over-year.
🔴The average price per ad decreased by 16% year-over-year.
🔴Meta repurchased $793 million of its Class A common stock in the second quarter.
🔴Overall, Meta’s second quarter earnings report was mixed. The company’s revenue growth was in line with expectations, but its earnings per share declined. Meta’s investment in the metaverse is a long-term bet, and it remains to be seen whether it will pay off.

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