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Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

Por: ABC News Tech October 26, 2023

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Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers.The stronger-thank-expected results followed Google parent Alphabet's report Tuesday showing a rebound in earnings and revenue growth — a sign the online-advertising market is picking up after a slump in the past couple of years. Meta, based in Menlo... + full article



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