Reports suggest that the social network Facebook isn't growing like it once was
It would appear that the biggest hurdle that Meta faces is slowing revenue growth,
The company has reportedly canceled plans for its first smartwatch, which had two cameras and was slated to hit the shelves next year.
Codenamed Milan, the smartwatch was canned due to issues with EMG tech implementation, but cost-cutting is also cited
According to a Reuters report, Meta told employees at Reality Labs to brace for lay-offs.
Facebook, too, hasn't been coy about its revenue slowdown woes. "In light of the expense guidance given for this earnings period,
In the first quarter of 2022, Meta posted its slowest ad revenue growth in over a decade.