Meta earnings dropped by less than analysts expected

Meta earnings dropped by less than analysts expected

Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock price

Meta investors got some good news in the social media company’s latest earnings report on Wednesday, which showed a smaller drop in revenues than analysts had expected.

Meta, which also owns Instagram and Whatsapp, reported $32bn in revenue for the fourth quarter, which drove a rise in its stock price in extended trading on Wednesday.

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