The company posted a profit of $7.8 billion on $32 billion in revenue for the recently ended quarter, with the number of monthly Facebook users reaching 3.03 billion.
Despite a challenging 2022 due to economic uncertainties and Apple’s data privacy changes impacting ad targeting, Meta’s fortunes have turned around in 2023. Mark Zuckerberg, Meta’s CEO, called it the “year of efficiency” and with two consecutive quarters of positive revenue growth and the first quarter of double-digit revenue growth since late 2021, the company’s performance is strong.
Analysts attribute Meta’s success to greater advertiser interest in Reels, the TikTok-inspired video format, and a more positive economic environment encouraging marketing spending. The company reported a 34% year-on-year increase in ads on its various applications during the second quarter.
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PM MODI DEDICATES THREE PARAM RUDRA SUPERCOMPUTERS TO NATION
\"The three supercomputers launched today will help in advanced research from physics, earth science, and cosmology.\"
India's pvt investment cycle is strengthening: Govt's report
Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for more than three- fourths of the gross FDI inflows.
India recorded 227 IPOs, total value of $12.2 billion in first 8 months of 2024: Report
TDG NETWORK NEW DELHI India recorded 227 IPO listings, with a total deal value of USD 12.2 billion in the first eight months of 2024.
Govt seeks to raise ethanol blending target to 25 pc: Food Minister
The government has also allowed sale of 23 lakh tonne of rice by the Food Corporation of India (FCI) to grain-based ethanol distilleries.
Indian stock indices log record highs for fifth consecutive session; Sensex nearing 86,000
Stock indices in India continued to march ahead, touching fresh highs for the fifth straight session on Thursday.
India set to achieve 6.5-7 pc GDP growth in FY25: FinMin report
India is set to achieve 6.5-7 per cent GDP growth in the current financial year as indicated by the movements in high-frequency indicators till August, a finance ministry report said on Thursday.
Harris is making a 'capitalist' pitch to boost the economy
\"As president, I will be grounded in my fundamental values of fairness, dignity and opportunity,\" Harris said. \"And I promise you, I will be pragmatic in my approach.\"
Trump's misleading claims on election fraud target overseas voters
Donald Trump this week claimed without evidence that anyone living overseas can get a ballot mailed to them, even : if they are not eligible to vote, falsely accusing Democrats of subverting a 1986 law to win in November.
Will expel migrants under key Biden immigration programmes: Trump
Former President Donald Trump, who has made antiimmigration rhetoric a key part of his reelection campaign, warned Wednesday that he would kick out hundreds of thousands of ime migrants who have entered the country under two key Biden administration programs if he's reelected.
Saj Hotels limited IPO opens on 27th september, 2024
Our company is engaged in Hospitality industry.