Chinese retailers helped lift Meta's first-quarter sales in a tough online advertising market
Publishing timestamp: 2023-04-26 23:32:14
Summary
Meta's first-quarter sales were lifted by Chinese retailers, but CFO Susan Li warns of a volatile macro environment and challenging regulatory environment. CEO Mark Zuckerberg remains committed to metaverse despite growing interest in artificial intelligence. Company's shares rose nearly 12% in after-hours trading after turning tide on declining sales.
Sentiment: MIXED
Tickers: META,
Keywords: technology, breaking news: technology, mark zuckerberg, stock markets, business news, susan li, internet, meta platforms inc, markets, earnings, social media, mobile,
Source: https://www.cnbc.com/2023/04/26/meta-q1-23-earnings-boosted-by-chinese-retailers-buying-ads.html