Data price hikes limited Facebook user growth in India: Meta
Image Credit: the hindu businessline
Increase in data rates in India limited the user growth of Meta in the December 2021 quarter, the social media major said. Telecom companies Bharti Airtel, Vodafone Idea and Reliance Jio had increased their mobile service rates in the range of 18 to 25 per cent in the December quarter. The profit of Meta declined by 8 per cent to USD 10.28 billion in the December 2021 quarter, from USD 11.21 billion in the same period a year ago.