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3 months ago

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Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

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Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

Meta Platforms Inc_ tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.”

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Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

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