San Francisco (awp / afp) – Meta posted $7.47 billion in net profit in the first quarter, a result down 21% year on year, but the market expected worse for the parent company of Facebook and Instagram in the context of the war in Ukraine, inflation and difficulties with regulators.
The Californian group published Wednesday a turnover approaching 28 billion dollars (+7%). Its title jumped 12% during electronic trading after the closing of the New York Stock Exchange.
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