We have to keep our eyes on the horizon and not focus on the reaction of the street and our stock price. We still have efficiency we need to find to run this company better in the new reality, we're still at the whim of Apple, relative Monetization Efficiency has grown on reels but it is still very low, reels have grown a lot but they are still smaller than TikTok, we are seeing better numbers on young adults and teens in the US but we're not satisfied, sentiment trends are better for our brands but that doesn't mean they are good in the US and similar countries and I could go on and on. Reality Labs, the virtual reality division of Meta responsible for developing.
We're never as bad as they think we are at times like last year's stock crash but we're probably never as good as they think at times like this. Bloomberg via Getty Images Meta ended 2022 with a 1 revenue decline from 2021 its first year-over-year drop. So I want to remind you what I said last year. I've been in a few groups though where I've seen folks get quite excited. It's nice to see people thinking we've improved our discipline and we're not as bad they thought. Hey, team, just like when I talked in our Q&A after our stock price dropped precipitously last year there's been another big street reaction to our earnings call (and the run up to it), this time up. Google CEO tells employees productivity and focus must improve, launches Simplicity Sprint to gather employee feedback on efficiency Published Sun, 11:10 AM EDT Updated Mon, Aug 1.
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