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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 Report
For 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 Difficulties
Meta 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 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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On Tuesday, Facebook announced that it was ending its Face Recognition system on the app and rolling back the technology in the coming weeks. In a press release, Jerome Pesenti, VP of artificial intelligence at Meta (the new name for Facebook’s parent company), said that the shutting down of the Face Recognition system and the imminent deletion of Facebook’s library of facial recognition templates is “a company-wide move away from this kind of broad identification, and toward narrower forms of personal authentication.”
Soon, Facebook will no longer automatically recognize people’s faces in Memories, photos or videos uploaded to the app, or give suggestions for tagging who’s in a photo or video. It will also not be able to notify users if they appear in other photos or videos across the site. However, users can still manually tag friends in photos.
This change also means that the Automatic Alt Text (AAT) technology that creates image descriptions for people who are blind or visually impaired will be turned off. The company noted that AAT is currently used to identify people in about 4 percent of photos. Other ATT functions that are not image-identification related will operate as normal.
According to the company, more than a third of Facebook’s daily active users opt into the Face Recognition setting, so removing the system will mean that more than a billion people’s individual facial recognition templates will be deleted. Users who opted out of this setting do not have a stored face recognition template, and will not be impacted.
[Related: One of Facebook’s first moves as Meta: Teaching robots to touch and feel]
“We still see facial recognition technology as a powerful tool, for example, for people needing to verify their identity, or to prevent fraud and impersonation,” Pesenti said. “But the many specific instances where facial recognition can be helpful need to be weighed against growing concerns about the use of this technology as a whole.”
Adam Schwartz, senior staff attorney at the Electronic Frontier Foundation, said that this move reflects a growing awareness around the country and the world that face recognition technology is dangerous, harmful, privacy-invading, and biased.
“There are cities in the United States that are banning their police from using it. There’s a strong law on the books in Illinois that bans companies from using it unless they first get permission from consumers,” Schwartz says. “There are efforts to pass a law just like that in Congress and around the country.”
Face recognition, which was first introduced by Facebook in 2010, has historically been a controversial feature on the app, and the use of the technology has been challenged legally.
Facebook was sued under the Illinois Biometric Information Privacy Act and agreed to settle a case for $650 million earlier this year for using faceprints and other biometric identifiers without permission.
In 2023, Facebook paid the Federal Trade Commission a $5 billion fine for making misleading statements about who was going to be face printed.
[Related: Congress is coming for big tech—here’s how and why]
“Facebook misrepresented users’ ability to control the use of facial recognition technology with their accounts,” the FTC wrote in a statement two years ago. “According to the complaint, Facebook’s data policy, updated in April 2023, was deceptive to tens of millions of users who have Facebook’s facial recognition setting called ‘Tag Suggestions’ because that setting was turned on by default, and the updated data policy suggested that users would need to opt-in to having facial recognition enabled for their accounts.”
In response to these events, Facebook changed its face print system to one requiring opt-in consent, Schwartz says. But, even with permission, he notes that it’s still a dangerous technology. “These images could be diverted to other uses, they can be stolen by data thieves, they can be seized by the police with a warrant,” he says.
Facial recognition is a common technology. “Unfortunately it’s not hard to get,” Schwartz says. It’s usually comprised of sophisticated computer algorithms that are able to take images of two faces, make a mathematical representation of each face, and then compare the two mathematical representations and see if they’re similar enough to be a match.
After that, it would need human confirmation, which is why Facebook only suggests a tag or why police are supposed to look at the computer’s suggestions of a match and decide whether there actually is a match, Schwartz explains.
[Related: Facebook changes its name as it pushes toward a digital reality future]
Even if Facebook obliterated every one of its algorithms that powers face recognition, “it could get another one,” Schwartz says. But since they’re no longer screening uploaded images and destroying their library of a billion faceprints, “if they were to restart their program, they would have to start again from zero on recreating their database of faceprints.”
Pesenti said in the release that Facebook still thinks that facial recognition technology could be useful in a narrow set of cases, like helping people gain access to a locked account or verifying the user’s identity to access a financial product or other types of personal data.
“Facial recognition can be particularly valuable when the technology operates privately on a person’s own devices,” and sends no face data to an external server, Pesenti wrote. “We believe this has the potential to enable positive use cases in the future that maintain privacy, control and transparency, and it’s an approach we’ll continue to explore as we consider how our future computing platforms and devices can best serve people’s needs.”
If there’s one thing Dell has done right over the years, it’s been to let Alienware—the boutique gaming PC manufacturer Dell acquired in 2006—remain Alienware. Based on the new notebook lineup that Alienware unveiled tonight, that let-‘em-be strategy is still working.
As the annual gaming/marketing orgy known as the E3 Expo gets underway, the company announced three brand-new notebook models based on Intel’s fourth-generation Core processors. But Alienware General Manager Frank Azor dropped by PCWorld’s offices late last month to give us a hands-on sneak peek. The lineup has undergone a significant makeover while managing to remain unmistakably Alienware. Each of the new Alienware notebooks features a backlit keyboard and trackpad. We don’t share performance among components. Every part can run at its full TDP.
“It’ s a big departure from 2009,” said Azor. “The new models are 60 percent metal, including a 100-percent aluminum A panel [lid] and a magnesium alloy chassis.” The reduction in plastic composites is a welcome departure, but the most significant visual cues come in the form of LED light pipes gracing the lid and the front and sides of the body, and the backlit trackpad.
Between those, the alien-head logo, and the backlit keyboard, each notebook has 10 distinct lighting zones that can be lit in any combination of colors from a palette of 20. Games that support the AlienFX utility can change these color combos in response to in-game events, such as taking damage, healing, or completing a mission or quest.
Alienware General Manager Frank Azor says the company’s notebooks are as thick as they need to be to allow every component to run as fast as possible.
Each of the three models is available in a base configuration, but you can choose to upgrade each at time of purchase. The six-pound Alienware 14 ($1199) includes a 2.4GHz, quad-core Intel Core i7-4700Q processor with 8GB of DDR3L/1600 memory, a 750GB 7200 rpm SATA 3Gb/s mechanical hard drive (with room for two additional storage devices), a slot-feed DVD burner, a Killer NIC gigabit Ethernet interface, and a Killer NIC 802.11n Wi-Fi /Bluetooth 4.0 network adapter.
The Alienware 14 comes with an Nvidia GT 750M mobile GPU with 1GB of GDDR5 memory driving a 14-inch non-glare TN panel with native resolution of 1366 by 768 pixels. DDR3L memory, if you’re not familiar, is designed to operate at lower voltage in order to extend notebook battery life.
The $1499 Alienware 17 (12 pounds) comes with a 17.3-inch anti-glare TN display with native resolution of 1600 by 900 pixels, driven by an Nvidia GeForce GTX 765M with 2GB of GDDR5 memory. In its base configuration, it comes with the same CPU, memory, hard drive, optical drive, and network interface, but its wireless network adapter is an 802.11ac/Bluetooth 4.0 model from Broadcom and it will have room for three additional storage devices.
Each model is outfitted with LED light pipes that can shift between 20 different colors.
The 12-pound Alienware 18 ($2099) boasts an 18.4-inch PLS screen with a native resolution of 1920 by 1080 pixels. The balance of its specs are the same as the Alienware 17, but this model comes with two GeForce GTX 765M video cards operating in an SLI configuration. And like the 17-inch model, the Alienware 18 has room for three additional storage devices. The lid on each model is 100 percent aluminum (the Alienware 14 is shown here).
At our briefing, Azor said the Alienware 14 can be upgraded at time of purchase with an Nvidia GeForce GTX 765M. The Alienware 17 and Alienware 18 can be upgraded at time of purchase to Nvidia’s GeForce GTX 770 or GeForce GTX 780 GPU, according to Azor, and the CPU upgrades on those models go as high as Intel’s Core i7-4930MX Extreme Edition mobile processor. Slot-feed Blu-ray drives are an available option on all three models.
The Alienware 18 comes with two Nvidia GeForce GTX 765 cards operating in SLI mode driving an 18.4-inch PLS display.
Alienware allows its customers to open up and upgrade their notebook, and they can overclock the CPU—both without fear of violating the manufacturer’s warranty. The notebook’s GPUs, however, are overclocked at the factory and cannot be pushed further, according to Azor.
Azor said that people often ask why Alienware’s notebooks are so thick. “It’s because we don’t share performance among components,” he said. “Every part can run at its full TDP (thermal design power). A lot of manufacturers will throttle down the GPU when the CPU ramps up, and vice versa, thinking only one component needs to run full out at once. Our notebooks can run everything full tilt without anything needing to back off.”
All three Alienware models have HDMI outputs, but the 17- and 18-inch notebooks also have an HDMI input, so you can connect a game console or a smartphone and use the notebook’s larger display. Alienware enlarged the keycaps on all three models, and added a metal backing plate beneath the keyboard to provide solid tactile feedback and to prevent bowing. Alienware’s engineers collaborated with Klipsch on the speaker design, and each of the three models ships with Dolby Home Theater Audio v 4.
All three models will also come with a new dynamic performance optimizer—dubbed Accelerator—that can turn off Windows services that aren’t essential to gameplay, freeing up system resources for the game. Once you exit the game, Accelerator automatically turns these services back on. A second utility, AlienAdrenaline, can record your gameplay in the background—perfect for instant replays of particularly gratifying kills, spectacular wipeouts, and other boast-worthy action sequences.
All three Alienware models are available now.
Nokia’s sales of smartphones running Windows Phone continued to grow in the first quarter, and its net loss shrank year on year, even as overall revenue declined.
The company reported first-quarter sales of €5.85 billion (US$7.63 billion), down 20 percent year-on-year, and a net loss of €272 million, smaller than the year-earlier loss of €928 million.
Nokia sold a total of 61.9 million mobile phones during the first quarter, of which 6.1 million were smartphones (including 5.6 million Lumia devices). A year earlier, it sold 82.7 million phones, of which 11.9 million smartphones, and more than 2 million of those were Lumia devices. (Nokia does not categorize phones in its Asha range, even the touch-screen models, as smartphones.)
Since then, Lumia’s fortunes have gone up and down: Nokia sold 4 million in the second quarter; 2.9 million in the third quarter and 4.4 million in the fourth. But the increase seen during the first quarter is good news, according to Geoff Blaber, analyst at CCS Insight.
“This is undoubtedly a sign that its moving in the right direction,” Blaber said.
The timing of this sales boost is critical because of the pressure Nokia’s mobile phones have come under, as overall unit sales dropped by 25 percent. It is clear that Series 40-based phones, and the Asha range in particular, are coming under pressure from Android, according to Blaber.
“This is the first quarter in a very long time where the smartphone business is showing more positive signs than the mobile phone business,” Blaber said.
Nokia is aware of the problems.
“Our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges,” it said in a statement.
Nokia’s device and services revenue improved in only one part of the world, North America. But looking at device volumes, the size of Nokia’s challenge in the region becomes clear. It only sold 400,000 units, which is a 33 percent decrease compared to the same period last year. However, the biggest drop was recorded in the important Chinese market where unit sales went from 9.2 million to 3.4 million.
Sales of smartphones running Windows Phone during the first quarter came on the back of the products Nokia launched at the end of last year, including the Lumia 920, according to Geoff Blaber, analyst at CCS Insight. The low-end Lumia 520 and Lumia 720, which the Finnish phone maker announced in February at Mobile World Congress, have yet to have an effect on the numbers.
“The likes of those lower end devices we expect are going to have a more positive impact during the second quarter,” Blaber said.
Even if Nokia is moving in the right direction, it can’t afford to rest on its laurels. There are two things the company now needs to add, according to Blaber.
“First of all, there is still a gap between where Windows Phone stops and where Asha starts, so there are still lower price points it needs to address. Second of all, there is also a requirement for a more differentiated flagship, high-tier device with a more premium metal finish,” Blaber said.
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.Stay compliant, stay competitive
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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.
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.
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