Yellow Star
Yellow Star

Facebook's Meta Shares Soar as Users Return

Yellow Star
Yellow Star

Wall Street is encouraged by the rebound.

Meta reports revenue ‘softness' in second half

Yellow Star
Yellow Star

Meta Platforms Inc.'s stock soared 19% on Thursday morning after the firm announced its primary platform gained more users than expected in the first quarter.

Meta recorded 1.96 billion daily users on Wednesday.

a rebound after the December quarter's initial dip. They predicted 1.94 billion.

Total revenue grew 6.6% to $27.9 billion, and would have been higher except for the Ukraine crisis.

Facebook just attracted 31 million new daily active users, putting such fears to rest.