Meta shares soar as it cuts back spending, forecasts upbeat Q1
Briefly

Its forecast suggests the advertising market may be recovering as companies increase their marketing budgets.Meta Platforms Inc's stricter cost controls this year and a new $40bn share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the Year of Efficiency.The parent of Instagram and Facebook cut its cost outlook for 2023 by $5bn and projected first-quarter sales that could beat Wall Street estimates.
Read at www.aljazeera.com
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