The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse
Meta shares soared in after hours trading on Wednesday, despite the company reporting slow revenue growth amid global economic uncertainties and the war in Ukraine.
The company’s reported total revenue rose 7% to $27.91bn in the first quarter, the bulk of it coming from ad sales. That number missed analysts’ estimates of $28.20bn, according to IBES data from Refinitiv.
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The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse
Meta shares soared in after hours trading on Wednesday, despite the company reporting slow revenue growth amid global economic uncertainties and the war in Ukraine.
The company’s reported total revenue rose 7% to $27.91bn in the first quarter, the bulk of it coming from ad sales. That number missed analysts’ estimates of $28.20bn, according to IBES data from Refinitiv. Continue reading…Technology | The Guardian