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This article was published as a part of the Data Science Blogathon
interactive visualizations. The best part of Power-BI is its ease of use and the UI is simple enough that users can create their own dashboards or reports. It supports various features which include running python script or R script etc.
In this article, we will focus on embedding the report in the Jupyter notebook using powerbiclient provided by Microsoft.
Below is the sample Power BI report which is publicly accessible and is provided by Microsoft for demos. We will be using this report for trying out different scenarios in this article.
In this article, we will explore how we can integrate any Power BI report with Jupyter notebook using python. LET’s GO!
2. Embed the report in the notebook 2.A. Install PowerBI ClientLet’s first install the library which will be used to integrate the report into the notebook
pip install powerbiclient– auth: Authentication object. It will be used if ‘access_token’ is not provided.
2.B. Ways through which we can integrate a report:2. Using Report ID and Group ID
2.B.1. Using Report URL
Step: 1 – Get the embed URL and the access token for the report:
access_token = res.json()[‘EmbedToken’][‘Token’] embed_url = res.json()[‘EmbedUrl’]
The above code will get the embed token and the URL and store it in the access_token and embed_url variable.
Step: 2 – Add the report to the notebook :
report=Report(access_token=access_token,embed_url=embed_url, token_type=models.TokenType.EMBED.value) reportNote: We can make an observation here that to display the report we need to print/display the report object in the notebook.
Voila!, We are successfully able to access the report in the Jupyter notebook.
2.B.2. Using Report Id and Group IdLet’s talk about the report ID and the group ID which will be used to add the Power BI report in the notebook.
Group ID: Unique identifier of the workspace where the report is published.
Report ID: Unique identifier of the report in the workspace.
Step: 1 – Get the report ID and the group ID for the report: You can get the Ids from the report URL
From the above snapshot, we can get the report ID and the group ID from the embed URL.
group_id=”be8908da-da25–452e-b220–163f52476cdd”
report_id=”f6bfd646-b718–44dc-a378-b73e6b528204″
Basically, the report with Id “f6bfd646-b718–44dc-a378-b73e6b528204” resides in the work space with unique id ”be8908da-da25–452e-b220–163f52476cdd”.
Step: 2 – Add the report to the notebook :
report = Report(access_token=access_token, embed_url=embed_url, token_type=models.TokenType.EMBED.value, group_id = group_id, report_id = report_id) reportCool!, We are able to successfully add the report using the report ID and the group ID as well. What Next?
2.C. Manage the report using pythonApart from just visualizing the Power BI report, we can also manage it using python. Let’s simply try to add a filter to the report. In the above outputs, we can see that we have a view where the market share data is visualized based on Regions —
Distinct regions of the United States for which data is available are Central, East, and West. Let’s try to add a filter and interact with the report using python. To add the filter we will use the ‘update_filters’ method available in the Report class which takes in a list of filters that we need to apply to the embedded report.
def filter_report(Region): region_filter = { 'target': { 'table': "Geo", 'column': "Region" }, 'operator': "In", 'values': [Region] } report.remove_filters() report.update_filters([region_filter])In the above method, we are trying to add Filter on Region Column in Geo Table. The filter values are provided as input to this function.
To get an interactive utility to apply filters, we will use interact utility from ipywidgets.
interact(filter_report, Region=[‘Central’, ‘East’, ‘West’]);Awesome! We are now not only able to add the report in the Jupyter notebook we can add widgets to interact with it.
3. ConclusionWe also tried to manage the report using python, where we added a filter to the report. You can get the complete code from GitHub.
Let me talk a little about authentication. In this article, I have used a publicly accessible report, however in the actual case, the report may be confidential and in that case, you would need secured access to embed the report in Jupyter notebook.
This is where you can use the ‘auth’ parameter in the Report class.
2. Interactive authentication — The user is prompted to enter the credentials in the local browser and the token retrieved is used to talk to the Power BI service.
To get details on using the authentication, please refer to this link.
You can get more details about the powerbiclient from its official repo.
Thank you for reading this article. Gracias!
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Sharepoint Benefits In Power Bi Report Development
I want to talk about the three main benefits of SharePoint. We’ll talk about the three overarching benefits and go into detail as to what those benefits mean and how the features of SharePoint enable those benefits to occur. You can watch the full video of this tutorial at the bottom of this blog.
The first of the SharePoint benefits is what I like to call content management and delivery. This area has always been a key problem in workplaces all around the world.
It is estimated that about 30% of your time is spent sending, replying, and organizing emails and data. SharePoint can help your employees and yourself get some of that time back.
By the way, that’s about 2.6 to 3 hours a day that you could potentially get back with SharePoint. People use SharePoint to store documents similar to how they do it for OneDrive. But the benefit with storing your documents with SharePoint is you can attach metadata to each document.
For example, let’s say you have an accounting folder where you have all your files separated by year first and then by the actual account itself.
Now that’s a very complicated system, especially if you want to see all the files for a certain person, right? All the files for a certain person, or all the tax files for every year are located in different folders so it’s hard to do that in a traditional OneDrive or desktop format.
So what SharePoint has done is to create document libraries, where all of your files are in a list and you can attach metadata to your documents.
In our example, we have a metadata called Year, another metadata called Account Type, and another metadata called Person.
If you want to look at all of the files for a specific person, you can just go over to that metadata and filter to that person. You would see all of the files for all of the years. If you want to go back to the original way and just look at all the files for a certain year, then you would go over to that metadata and filter to that year.
Metadata is the next level of organization for your document library.
I’m so surprised that not more companies do this. When they do this, they see improved productivity in finding the documents that they need.
This is also very scalable. For example, you could have a document library for your contracts, another document library for your accounting, and another document library for your HR. They can be held separately so that someone in HR cannot review the documents in accounting.
Another feature that allows for robust content management delivery is through SharePoint lists. In this example, we have a customized database that someone has created to hold the data that is relevant to them.
This is a list of event itineraries. Each record here is a specific event in that event itinerary. We have a Breakfast meet & greet Welcome & Introduction, and so on.
What this person has done is to create columns that are relevant to them. So for each session, they have a code, type, description, speakers, start time, and end time.
What’s powerful about SharePoint lists is that they give you the versatility of a robust database, and they are easy for a worker to actually employ. It’s very easy to create your own list and column types. You can have sophisticated column types like choice columns (eg. Session type) or user-based columns (eg. Speakers).
There are many things you can do once your SharePoint list has been created. It’s also scalable because you can create one for many things. You can create one for expenses instead of doing it in a random Excel file that’s very hard to access. Everyone can access and update it. If there are changes, you can require approvals for those changes and add tiny workflows.
These lists can be modified with attachments as well. For example, this is a list of blog articles where each one is an actual file. So this is a mix of document libraries and SharePoint lists, where someone’s created a document library with metadata and columns from a SharePoint list.
So you can do a lot of mix and match here too. This is much better than your data being in some random warehouse or OneDrive or emails.
SharePoint is an all-in-one place for all your data, whether it’s a document library or a SharePoint list.
The final feature for SharePoint is that it is a team site. It’s an internal team site where all your employees can access the information they need. You can have a team site for your entire organization for things like news, blog posts, calendars, quick links, and external resources that your employees use.
For example, if I want to find my HR policies, I don’t have to email the HR person. I can go to the team site and find the HR section to find all the documents that I need.
It’s also really relevant that when you have SharePoint, your organization’s team site is your homepage. So as soon as someone opens up Chrome or Explorer, they can see the latest company news and activities.
You can have group-specific team sites as well. You can have one team site for the entire organization and another team site that’s private for your team so that only information that’s relevant to the employee is given to them.
You can create your own SharePoint sites and SharePoint lists. It’s very easy for anyone to create it since there’s no coding involved and it’s all drag and drop.
One of the important SharePoint benefits concerns business process workflows. This is an example of a very simple business process workflow for an organization.
A piece of document arrives to an email inbox, which is rerouted to reviewers. It then goes through multiple stages of reviewers. If they approve, it’s accepted; if not, it’s rejected.
This process involves a couple of emails, right? You have an email arriving to the actual inbox. Then an email has to be sent to Anna and Sean to review. Anna and Sean will probably email each other to review it. And then finally another email to indicate approval or disapproval.
Now, if the data that is used is actually within SharePoint, this workflow can be automated. For example, we can create a SharePoint list that has all of these documents. The document arrives and it needs to be reviewed by either Sean or Anna before it’s accepted.
Instead of an email process, the person who wants the approval can upload it into a SharePoint list or a document library, which then automatically sends an email notification to Sean and Anna. This can be done through either Power Automate or SharePoint’s internal workflow system.
We’ve actually done an expense approval system on our YouTube series, where we talked about how to use Power Automate with SharePoint to automate that system.
Here’s a simple expense approval that I did for an organization, which previously used to take about 7 or 8 emails and had way too many pain points. Previously, the employee who submitted the expenses was kept out of the loop, and there was no way to organize everything afterwards.
SharePoint and a workflow system like Power Automate can really fix this. Once you have your data, processes, and SharePoint, it’s very easy for other apps to come in and improve that process.
We’ve talked about how SharePoint and Power Automate can be used to automate business process workflows. But the same thing can be said with SharePoint and Power Apps. Let’s say you don’t want Sean and Anna to access SharePoint at all.
You can create an app for Sean and Anna where they can go on a website that shows them the contracts that they need to review one by one. They don’t get any emails, they just log onto the app. And again, the best thing about Power Apps is that it’s no code.
SharePoint is also very powerful with Power BI. For example, let’s say you have your expense approval system in SharePoint. That also means you’re tracking all the data for that process. You’re tracking who submits expenses, how much they are, and how long it takes to review everything. One of the SharePoint benefits is that you can use the data to create a report and a dashboard on Power BI.
SharePoint enables workflows, but integrating it with other Power Platform apps really takes it to the next level.
The third of the SharePoint benefits is collaboration. This is one of the reasons why most organizations justify purchasing SharePoint to improve their productivity. There are lots of SharePoint benefits and features that enable a collaborative environment. I’ll go through each one very quickly.
Version control allows you to make sure your documents are up to date and if there are any changes made to documents, you can always go back to the previous version.
Approve and review is like what we talked about in the business process workflows. You can have a document library system set up where someone submits a document and someone else needs to approve or reject that document.
All-in-one bank is a philosophy where all your organization’s information should be in one place. So it should not be repeatable and easily findable for anyone who needs to find it.
Extensions can be created within SharePoint and imported to improve your collaboration. Things like task tracker, widgets, and Kanban boards are something that’s heavily used within SharePoint pages to improve collaboration.
Permissions allow you to select certain groups of people to have access to information. Sometimes, companies suffer from information overload. You don’t want everyone to have access to everything, and if you have very sensitive data, you need to make sure that only the people you want to see it actually see it.
Scalability is another great benefit. If you don’t do SharePoint on-premises but you do SharePoint on the cloud, you can scale up from 10 people all the way to a million people in a Microsoft server. It’s very easy to employ and you only have to play a flat rate per person.
Strong integration with Office 365 is also there since it’s made by the same parent company, Microsoft. If you have files in Excel, Word, or PowerPoint, you can actually edit them online in SharePoint rather than downloading them and editing them.
In this post, we discussed the three key SharePoint benefits. We talked about how SharePoint is very good at content management, business process workflows, and collaboration.
Henry
How To View Kfc Computation Report In Tallyprime
The KFC Computation report in TallyPrime provides you with a collective view of business transactions recorded during a period. The information in the report is further organized into number of transactions and transaction values. This organization helps you to check the transactions list, analyse the transactional values, make necessary changes wherever required, and finalise the data for computation of KFC-A returns.
How does this report help? Can I file KFC-A return from TallyPrime, or is this a computation report that will help me file KFC-A?
This report displays the values only from the transactions you have recorded in TallyPrime for the return period. Currently, KFC-A is a physical form for which offline or online updates are not available.
KFC Computation gives you the confidence that all your records are being considered. It collects all the information required for filing the KFC-A form at one place. The report focuses on accumulating details of all transactions where KFC is applied or was applicable. The values from KFC transactions are grouped based on the GST rate applied, and the taxable amount, KFC rate, and KFC payable are displayed for each GST rate. Once you have all the details at one place, you can verify the information and quickly fill the returns form.
Transactions in which KFC was applicable but not applied are also listed separately in the report allowing you to take the necessary action. You can make correction or even decide to exclude the transaction from returns, both options are provided in the report.
Further, it helps you check details such as:
Vouchers that are included in the returns computation
Vouchers that are excluded from the returns computation as they are not relevant
Vouchers that need updates for inclusion in returns computation as they have incomplete or incorrect KFC information
List of supply categories based on the different GST rates on which KFC is applicable. Taxable value, KFC tax percentage, and KFC payable for different supply categories.
It also allows you to include, exclude or alters vouchers with real time changes to the taxable value and KFC amount. Once all the exceptions are resolved, you can use the values shown in the computation report as the base for filling the KFC-A form.
This part of the report displays the statistics for all vouchers recorded in the period. It gives you a fair idea about the amount of business conducted during a month. Apart from providing the details of total number of transactions recorded for the period, this section further divides the information into number of vouchers included in the computation, excluded, and pending for correction. You can drill down from any line to get voucher level information, where you can include or exclude the vouchers after examining.
The different kind of information displayed in this section, are:
Total number of voucher for the period: As the title suggests the number of vouchers recorded in the report period is shown here. It includes all the vouchers and not only KFC vouchers or financial vouchers.
Drill down from this line to view the Statistics screen with details of account types and voucher types used to record the total number of vouchers.
Included in Reports: The number of vouchers that are included in the computation out of the total vouchers are displayed here. This includes all those transactions that have complete and correct KFC details, and also those transactions that you have included using the Include Voucher option.
Drill down from this line to view voucher type-wise break up of all the included vouchers. When you further drill down from any voucher type, the list of vouchers included is displayed.
In this Included Vouchers screen, you can select any voucher and press Alt+H (Exclude Vouchers) option to exclude it from KFC Computation.
Not relevant for this Report: The vouchers that have no KFC implication or are manually excluded from KFC computation by you are listed here.
Drill down from this line to view the voucher type-wise list of vouchers excluded. You will also find the categories Non-KFC Transactions and Excluded by User.
Under Non-KFC Transactions the transactions that do not have any KFC implications are listed voucher type wise. You will find the sales return transactions also under this list in case the option Consider Sales Returns for computation is disabled in F12 (Configure).
Under Excluded by User category, you can select a voucher and press Alt+H (Include Voucher) to include the selected voucher in the KFC computation.
Uncertain Transactions (Corrections needed): The number of vouchers that have KFC implication but are not included in the computation due to incomplete or incorrect KFC details are displayed here. These vouchers need updates to be included in KFC computation. All such vouchers are separated into different categories based on the type of incomplete or incorrect details. Drill down from this line to view the different categories and resolve the exceptions.
This is the section where the KFC computation is displayed for reporting period. The taxable value and KFC payable from all the vouchers included in the KFC computation is displayed here.
By default the net taxable value and tax amount is displayed under different categories. However, you can use the detailed mode to view the sub-categories with respective values.
You can get list of vouchers when you drill down from any line. From the Voucher Register, you can open an voucher in alteration mode using the drill down function. In case you make any changes to a voucher, the values are updated in real time in the computation.
The details of type of transaction captured in each category of KFC computation report is given below:
TallyPrime magic lies in the way it allows you to dig deeper to get more information. While the financial values displayed in the KFC computation report are for period selected, you can always drill down from any line to get voucher-wise break-up and continue to go down to voucher level.
The report along with providing a lot information with respect to KFC computation for the selected period, it also provides other options to change the report view and navigate.
F2 (Period): Use this option to change report period. You can generate the report from a single day to a financial period.
F3 (Company): You can open the KFC computation report of another company using this option. This option is active only when more than one company is opened.
Ctrl+B (Basis of Values): You can configure the values in your report for that instance, based on different business needs.
Similarly, you can mention Allow Tax Value Difference up to value. Set a value to ignore tax mismatch in the report up to the given value.
Ctrl+J (Exception Reports): You can view the exceptions related to the data displayed in the current report by pressing Ctrl+J(Exception Reports), without closing the report.
Alt+V (Open KFC Portal): You this option to open the KFC portal. Internet connection is required to open portal from this report.
Ctrl+A (View Accepted As Is)
: You can view the list of vouchers that have been manually included in the KFC computation without resolving the exceptions that existed in the vouchers. This will help you make any corrections in vouchers accepted to avoid any complications in the future.
F12
(Configure): The options to configure the computation report are provided here
Consider Sales Returns for computation
: Enable this option to include the values from sales return in computation. This means net sales values after deducting the sales return amount is displayed in the computation. This option is enabled by default. In order to show gross value of sale without deducting sales return amount disable this option. This option is enabled by default, if the Warn if Kerala Flood Cess is not applied? is enabled in Credit Note.
When you have vouchers that are not included in KFC computation due to incomplete or incorrect KFC details, a part your KFC transactions are not included. This will lead to incorrect KFC computation. TallyPrime does not only identify these transactions and categorise them based on the type of exception, but allows you to make the necessary corrections to include them in computation.
Drill down from the Uncertain Transactions (Corrections needed) line to view the exceptions grouped into different categories.
No. of vouchers with incomplete/mismatch in information: Drill down from this line to view the list of all vouchers with exceptions along with description of the exception. Select any voucher and press enter to view the Voucher Details Screen. In this screen you can provide the required details to resolve the exception. Once the exception is resolved, the voucher is included in the KFC computation. In case voucher has multiple exceptions, it will move to the next category of exception.
You can view exceptions arising out of incomplete or incorrect details in item masters by pressing F8 (Item-wise Exceptions). Also, use the F8 (Ledger-wise Exceptions) option to view only exceptions resulting from ledger with incomplete details.
Use the Alt+H (Exclude Vouchers) option to exclude any voucher from KFC computation. Such voucher will move to Excluded by Users bucket in the Not relevant for KFC Computation vouchers.
Country and state not specified: Drill down from this line to view the vouchers of dealers with no information of country and state details.
You can resolve the exception by recording the missing information in the respective columns and saving the changes.
You can exclude the voucher from KFC computation using the Alt+H (Exclude Vouchers)option.
Tax rate/tax type not specified: Drill down from this line to view the vouchers where tax type or rate of tax is missing.
You can resolve the exception by selecting the Nature of transaction to identify the tax type and by recording the tax rate.
You can exclude the voucher from KFC computation using the Alt+H (Exclude Vouchers)option.
Nature of transaction, Taxable value, rate of tax modified in voucher: Drill down from this line to view vouchers in which nature of transaction, assessable value or rate of tax defined in the ledger master was changed during recording of the transaction.
You can use the option Alt+R (Resolve) option and select required nature of transaction, enter taxable value and tax rate.
You can exclude the voucher from KFC computation using the Alt+H (Exclude Vouchers) option.
You can also include the voucher in KFC computation with the existing GST details using the Alt+J (Accept as is) option.
Vouchers having conflicting nature of transactions: Drill down from this line to view the vouchers that have two or more nature of transactions.
You can select an voucher and drill down to open the voucher alteration screen. Make the changes to ensure only one nature of transaction is applied in the voucher and save the voucher.
You can exclude the voucher from KFC computation using the Alt+H (Exclude Vouchers) option.
Mismatch due to tax amount modified in voucher: Drill down from this line to view the vouchers in which tax amount was modified during recording of the transaction.
You can use the option Alt+R (Resolve) option to enter tax amount.
Alt+W (Recompute): Use the recompute option to recalculate the tax amount and accept the same.
You can exclude the voucher from KFC computation using the Alt+H (Exclude Vouchers) option.
You can also include the voucher in KFC computation with the existing GST details using the Alt+J (Accept as is) option.
The KFC Computation report can be printed with or without the Computation Summary. To print only the particulars section and not the computation summary, disable the option Print Computation Summary using the Configure option.
The KFC Computation report printed without Computation Summary appears as shown below:
How To Embed Facebook Post On Your Site
Facebook recently released a new feature that allows anyone to embed Facebook post on their website. This is similar to the Twitter cards feature that Twitter released earlier for you to embed tweets on your site. If you are looking to embed Facebook post to your site, here is how you can do so.
Note: To embed a Facebook post, the post itself must be publicly available. You can’t embed a Private post. That would go against the meaning of “Private”.
Copy the code and paste it to your site where you want it to appear.
That’s it.
Damien
Damien Oh started writing tech articles since 2007 and has over 10 years of experience in the tech industry. He is proficient in Windows, Linux, Mac, Android and iOS, and worked as a part time WordPress Developer. He is currently the owner and Editor-in-Chief of Make Tech Easier.
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A Board Report Guide And Template
Board members need effective board reports in order to make good decisions. Board reports are a crucial part of good governance.
Good board reports are clear and concise. A good report should give the board the ability to discharge its duties without ambiguity.
Key takeaways
Reports are crucial to the effective running of the board
They should allow for effective decision making around what to do next
Poorly integrated systems can often affect board reporting
Reports give board members the opportunity to hear from different stakeholders
What does good board reporting look like?
Good reports will provide board members with information that they can rely on when it comes to making their decisions.
The creation of board reports is vital to the working of the board and good reports should be able to integrate both financial and non-financial reporting. They should also allow for trend analysis and projections.
Boards today are increasingly evaluating information around different issues such as ESG from multiple stakeholders.
The financial information used in board reports should be relevant, material, comparable, reliable, and understandable.
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By centralising such information systems, it becomes easier for a business to integrate information from multiple sources in order to aid in reporting to the board.
One problem with board reports is that they can too often be more backward looking than is necessary and this may not be helpful when it comes to allowing the board to plan its strategy going forward.
Those compiling reports should also look for opportunities to provide a narrative around the numbers when it comes to financial information.
The different types of board reports
There can be a CEO board report or a HR board report. The CEO report can provide a breakdown of the financials along with the achievement of particular objectives.
On the other hand the HR report may discuss hiring efforts and employee turnover, diversity and inclusion and employee engagement.
Reports should cover recent, current, and upcoming projects along with a financial review and recommendations.
In addition to the above, board reports should also give information on sales, marketing, finance, and production and should relay data in an engaging way.
The features of a good board report is that it is clear, relevant, provides comparable data, and is delivered in a timely manner.
To be most effective, reports should cover recent current and upcoming projects along with a financial review and recommendations.
They should either reassure the board when everything is on track or alert them if there are any risks on the horizon.
Many reports however, are filled with too much detail before they get to the point that board members need to know. So, it is important to be concise.
A board report template
In order to write good board reports it may be useful to start with a strong template, since this provides structure and consistency in branding.
The formatting of reports should be consistent, and there should be a clear objective in mind for the report. In addition, a mix of both visual and text based information can be helpful for busy board members.
In addition to all of that, a summary can be helpful to directors who want to get a quick overview of the situation.
So, understanding what is needed when it comes to creating reports for the board is important since these will be delivered to board members prior to meetings and are essential components in the effectiveness of these meetings.
Such reports provide the context for discussing how the company is performing and so takeaways and recommendations should also be included.
There may be a need for different kinds of reports depending on the sort of topics that are up for discussion at meetings.
It is best to avoid information overload and to stick to concise and clear formatting.
Reports should provide a clear analysis of the situation and focus on future actions and they should be distributed in a timely fashion.
Facebook Quarterly Earnings Report Shows It’s Losing Users
Many were a bit confused by the direction Mark Zuckerberg is taking Facebook. He announced last year a rebranding under the name “Meta” with a move toward the metaverse. But the most recent quarterly earnings report showed why changes are being made: Facebook is losing users.
Facebook Quarterly Earnings ReportFor the first time since Zuckerberg conceived of Facebook while sitting in his college dorm room, the social network is losing daily users. It’s the first time in 18 years. This happened in the last three months of 2023, around the time of the Meta announcement.
Not that Facebook only has a handful of users left – it still has 1.93 billion users who sign on to post or read their feeds every day. But this loss was international. The greatest drop in daily users is in Africa and Latin America.
After the quarterly earnings report was released, Meta stock dropped more than 20 percent to about $249 per share. The total effect could amount to about $200 billion stripped from Meta’s market value. It could destroy it to the point it would no longer be seen as one of the world’s most valuable companies.
Meta’s Other DifficultiesMeta losing users is far from its only difficulty. It’s facing stiff competition from TikTok and is also being forced to answer to federal and international regulators about its business practices. At the same time, it’s working on the rebranding of Meta and pushing its brand of hardware.
When Meta was started last year, it required the company to invest a lot upfront. It hired $10,000 people.
“Last year was about putting a stake in the ground for where we are heading; this year is going to be about executing,” explained Zuckerberg on last quarter’s earnings call.
There are thoughts that the push toward hardware is a smokescreen to distract the politicians. Making that situation even worse, a whistleblower came forward and produced tens of thousands of documents. These showed that Facebook was instrumental in the spread of misinformation and the social network being used to help political negativity organize.
Aside from the backlash from the reveal of the Facebook documents, it’s also in the midst of a U.S. antitrust case and a similar situation in Europe. These actions forced Meta to not pursue its cryptocurrency project Diem any longer.
It’s been many years, though, since Facebook saw an increase in its user base in the U.S. or Europe. That was okay, as the company was still adding users in other countries. But the results of the last quarterly report show an end to that growth.
The social networks outside of Facebook – Instagram, WhatsApp, and Messenger – are still adding users. Yet all is not lost, as even Facebook is still growing, despite its daily users dropping in number.
It’s almost as if the Meta name change was an attempt to push past all the scrutiny. The company’s stock ticker symbol is changing from Facebook to Meta.
The change in the company’s numbers shows what it takes for Zuckerberg to make changes. It’s not whistleblower complaints or testifying before Congress – it’s the almighty dollar.
“People have a lot of choices for how they want to spend their time, and apps like TikTok are growing very quickly,” said Meta’s CEO. “And this is why our focus on Reels is so important over the long term.”
Laura Tucker
Laura has spent nearly 20 years writing news, reviews, and op-eds, with more than 10 of those years as an editor as well. She has exclusively used Apple products for the past three decades. In addition to writing and editing at MTE, she also runs the site’s sponsored review program.
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