Facebook Parent Meta Mints $5.7 Billion in Profits in First Quarter After Wave of Layoffs, Cost-Cutting

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion (roughly Rs. 46,500 crore) in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.

Author: . [Source Link (*), Gadgets 360]

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