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BBCNEWS World Business Report June 4, 2024 04:46:00

Meta platforms havejumped after the owner of facebook, instagram and whatsapp reported a strong rise in advertising revenue, taking wall street by surprise. the social media giant has been recovering from a tough year that saw it cut 21,000 jobs. big brands are now spending more on advertising again as they see the inflation crisis easing. meta has also launched threads, its own rival to twitter, which is expected to add to the company s revenues. debra aho williamson is principal analyst at insider intelligence in seattle, washington. welcome to you, thank you for being with us. are these results in line with expectations? results in line with exectations? ~ , ., expectations? well, they are definitely ahead expectations? well, they are definitely ahead of expectations? well, they are definitely ahead of most - definitely ahead of most people s expectations. i come on the other hand, thought perhaps mehta would have a pretty good quarter and it turned out that it did. its revenue w ....

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