Social media company Meta, formerly known as Facebook, has reported a 164% increase in net profit for Q3 2023, reaching $11.58bn. The company s revenue also rose by 23%, driven by strong user metrics and a rebound in advertising. Meta s Q4 guidance predicts revenue of $36.5bn to $40bn, but also expects higher infrastructure-related costs in the coming year.
Khosla Ventures, the Menlo Park-headquartered venture capital firm founded by billionaire Vinod Khosla, plans to raise $3 billion across three new funds, according to regulatory filings. The firm, which has a portfolio that includes Affirm, Instacart, Impossible Foods and DoorDash, is targeting $1.5 billion for its eighth venture fund, $1 billion for an opportunity fund and another $400 million
Meta has introduced a feature to let its advertisers in India pay for their advertising campaigns in ‘no-cost’ monthly installments for over three months a move to help the social networking giant expand its advertising business in the South Asian country. Announced at its annual business-focused summit on Tuesday, the feature allows Meta’s advertisers to […]
The Meta COO, in an exclusive conversation with Business Today, says that the company is always on the lookout for the right partnerships with local firms.