Key Takeaways
- Meta reported a record $165 billion in revenues in 2024, fueled by AI advancements in its advertising business.
- Overall, 99% of annual revenues were from advertising while its augmented reality division, Reality Labs, brought in the remaining.
- Chinese giants Temu and Shein were among the company’s largest customers as of Q3 2024, leveraging Meta’s audience of more than three billion users across its platforms.
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99 sats \ 3 replies \ @BlokchainB 21 Mar
Meta 99% ads. Crazy to think all that just to sell products and services
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78 sats \ 2 replies \ @0xbitcoiner OP 21 Mar
Crazy thing is, people actually eat that stuff! The other day, I was talking with some friends, and one of them said the ads were actually useful for finding discounts. I was speechless!
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33 sats \ 1 reply \ @BlokchainB 21 Mar
Ads do work for sure but I’m just shocked it’s 99% of their revenue
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59 sats \ 0 replies \ @nikotsla 21 Mar
Meh... only by the books... the amount of data they have... I am sure they sell it not only to ads providers.
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21 sats \ 0 replies \ @nikotsla 21 Mar
Profit by "Gossip".
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