Meta Platforms Inc (NASDAQ:FB)’s first quarter revenue rose 7% to $27.9bn, below market expectations but within guidance. This reflected an 8% decline in price per ad. Operating income fell 25% to $8.5bn as costs rose 31%, led by a near 50% increase in research and development costs, and a 28% increase in headcount to 77,805. […]
https://www.valuewalk.com/meta-tiktok-facebooks-time-at-the-top-is-up/
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