Source: CNBC
Summary
Meta reported a significant increase in revenue and profit for the fourth quarter of 2022. Revenue quadrupled to $41.45 billion, up from $10.39 billion in the same period a year ago. The company’s profit rose from $1.88 billion to $28.2 billion year-over-year.
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The announcement sounds ambitious.
Meta’s revenue and profit skyrocketed, with revenue quadrupling to $41.45 billion. Profit rose to $28.2 billion, a significant increase from $1.88 billion last year. The company’s growth is staggering, but not entirely surprising. After all, who doesn’t love a good rebrand? It’s not like we’ve seen this story before: new name, same numbers.
Author: Evan Null
