Here’s where the money Meta spent on its $1 billion pledge for affordable housing has gone
May 23, 2025
FILE – A car passes Facebook’s new Meta logo on a sign at the company headquarters on Oct. 28, 2021, in Menlo Park, Calif. Facebook parent Meta on Wednesday, Oct. 26, 2022, reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly popular video app TikTok. (AP Photo/Tony Avelar, File)
Executives at Facebook’s parent company in 2022 stopped committing funding to the initiative, slowing progress.
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Originally Published: May 23, 2025 at 4:00 AM PDT
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