Published 2 years ago

Meta soars as Facebook reports better-than-expected daily users

Summary by Ground News

Facebook parent Meta's first-quarter profit and its count of daily users jumped past Wall Street's expectations. Shares were up sharply in after-hours trading. Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings. Apple's recent privacy changes to its iPhone software iOS have made it harder for companies like Meta to track people.

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Times of India

Meta shares surge after Facebook ekes out user growth - ET Telecom

Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendatio..

2 years ago·India

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The Guardian

Meta shares soar despite a decidedly mixed quarter report

The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse

2 years ago·London, United Kingdom

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Reuters

Meta shares surge after Facebook ekes out user growth

Facebook rebounded from a drop in users early this year and its parent Meta posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 20%.

2 years ago·United Kingdom

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Associated Press News

Shares of Facebook parent Meta soar despite growth slowdown

Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares

2 years ago·United States

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Global News

Facebook’s Meta sees stock surge despite slowest revenue growth in a decade - National

Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street's expectations.

2 years ago·Toronto, Canada

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abc News

Shares of Facebook parent Meta soar despite growth slowdown

Facebook parent Meta’s first quarter profit jumped past Wall Street’s expectations despite slower revenue growth, sending shares up sharply in after-hours trading

2 years ago·United States

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