Meta reports record $56.3B revenue but daily users decline for first time as capex rises to $145B and 8,000 jobs are cut
Meta posted the most profitable quarter in its history and the stock dropped 9 per cent. Revenue rose 33 per cent to $56.31 billion, beating Wall Street’s estimate of $55.49 billion. Net income rea...
Source: TNW | Insights
Meta posted the most profitable quarter in its history and the stock dropped 9 per cent. Revenue rose 33 per cent to $56.31 billion, beating Wall Street’s estimate of $55.49 billion. Net income reached $26.8 billion, up 61 per cent year over year. And for the first time since Meta began reporting its “family” of […] This story continues at The Next Web
