Facebook Parent Company Meta’s Q2 Revenue Falls to $28.8 Billion

A smartphone with Facebook's logo is seen in front of a displayed Meta logo in this illustration taken Oct. 28, 2021. Dado Ruvic/Reuters

Meta Platforms, the parent company of Facebook, Instagram, and Whatsapp, on Wednesday posted its second quarter results reporting a year-over-year revenue fall.

Total revenues for the social media and tech company were $28.82 billion, a 1 percent drop from $29.07 reported for the second quarter of 2021.