Meta Stock Pops On Q4 Earnings Beat, Takes $4.2 Billion Charge After Massive Layoffs, FB Daily Active Users At 2 Billion
Mark Zuckerberg’s Meta, parent of Facebook and Instagram, posted upbeat financials today to Wall Street’s surprise and relief, beating on revenue and daily active users. Earnings fell but were hit by a $4,2 billion restrcuturing charge after laying off 11,000 people late last year.