Sunday, June 16

SAN FRANCISCO: Facebook parent Meta on Wednesday (July 26) beat market expectations for quarterly earnings powered by a reviving digital ad business.Meta reported a profit of US$7.8 billion (RM35.5 billion) on US$32 billion in revenue during the recently ended quarter, as the number of people using Facebook monthly rose to 3.03 billion.“We had a good quarter,” Meta chief executive Mark Zuckerberg said in an earnings release.“We continue to see strong engagement across our apps and we have the most exciting roadmap I’ve seen in a while ….”Meta had suffered a rough 2022 amid a souring economic climate…
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