Meta's third-quarter profit jumps more than threefold as revenue tops estimates and shares jump 5%
Summary
Meta Platforms said on Wednesday that its third-quarter profit jumped more than threefold as the social media giant's revenue climbed sharply, adding to confidence that the firm's AI spending is improving the business, Euronews reported on Thursday 22 October. The Independent reported that Meta's third-quarter revenue topped estimates and that Zuckerberg said Muse accounts have topped 10 million, and Euronews that Meta shares jumped 5% as AI investments fuel revenue growth.
Latest: Meta Platforms said its third-quarter profit jumped more than threefold as revenue climbed sharply, The Independent and Euronews reported, The Independent adding that revenue topped estimates and that Zuckerberg said Muse accounts have topped 10 million, and Euronews that Meta shares jumped 5%.
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How it unfolded
Thursday 22 October
Meta Platforms said its third-quarter profit jumped more than threefold as revenue climbed sharply, The Independent and Euronews reported, The Independent adding that revenue topped estimates and that Zuckerberg said Muse accounts have topped 10 million, and Euronews that Meta shares jumped 5%.
Wednesday 21 October