Meta’s “year of efficiency” has begun to bear fruit as the Facebook parent reported a return to sales growth after three quarters of declines, sending the shares up 12 per cent and paving the way for it to plough ahead with a big bet on artificial intelligence.
The parent of platforms including Facebook, Instagram and WhatsApp added more than $50bn to its market capitalisation in after-hours trading, following earnings on Wednesday that showed signs of recovery in its advertising…
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