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On the financial side, Meta achieved a turnover of $33.67bn, in line with its forecasts, but it made $10.3bn in net profit in the fourth quarter, eight per cent less than last year.
As an explanation for the disappointing performance, Meta noted competition and supply chain difficulties suffered by its customers, the advertisers.
Meta's share price was down about 22pc to roughly $250 at 0010 GMT in after hours trade.
At the same time, the company said the rules imposed by Apple last year on ad targeting had a negative impact on its financial results in the fourth quarter.
In the update of iOS, its mobile operating system, Apple required application publishers to ask permission before collecting data, much to the regret of companies like Meta that rely on that information for ad targeting.
"Meta may only generate single-digit revenue growth. And that's before any further legal and regulatory developments and actions,” Third Bridge analyst Scott Kessler said.
"It seems that many are re-evaluating in real-time," he added.
As of December 31, 2021, 2.8 billion people were using one of its four platforms and messenger services at least once a day, and 3.6 billion at least once a month.