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meta q3 results: Meta posts fastest growth since 2021; registers $11.58 billion profit for Q3

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. ....

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Meta's Threads has nearly 100 million monthly active users: CEO Mark Zuckerberg

Threads has a good chance to become the next billion-user social network in Meta s suite of apps, that includes Facebook, Instagram, WhatsApp, and Messenger, Zuckerberg said. ....

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