Meta Platforms Inc (NASDAQ:META)’s revenue fell 4% to $32.2bn in the fourth quarter, which was better than expected. Costs and expenses rose 22% to $25.8bn. This resulted in operating profit falling by 49% to $6.4bn. The number of daily active people (DAP) using one of Meta’s sites, including Facebook, Messenger and Instagram, was 2.96bn, up […]
https://www.valuewalk.com/meta-shares-rebound-on-revenue-beat-and-cost-base-rethink/
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