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Facebook’s Transformation Is Being Slowed by A Big Rival

As the market watches Meta Platforms , formerly known as Facebook, jump another 14% at last check Thursday, one might get a similar feeling. The stock is up big after a first quarter performance that saw the company report earnings of $2.71 per share on revenue that rose 6.6% year over year to $27.9 billion. Meta reported a 4% increase in DAUs to 1.96 billion, just ahead of Wall Street consensus of 1.951 billion. Read More...

As the market watches Meta Platforms , formerly known as Facebook, jump another 14% at last check Thursday, one might get a similar feeling. The stock is up big after a first quarter performance that saw the company report earnings of $2.71 per share on revenue that rose 6.6% year over year to $27.9 billion. Meta reported a 4% increase in DAUs to 1.96 billion, just ahead of Wall Street consensus of 1.951 billion.

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