Tag: $Meta

NEW YORK, Oct 25 (Reuters) – Meta Platforms (META.O) beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season.

Meta –0.41%  Platforms CEO Mark Zuckerberg on Wednesday unveiled the Quest 3 virtual reality headset

Meta Platforms is positioning itself to be an even more competitive player in the artificial intelligence space, with news of its ambitions in one of the fastest-growing sectors of tech helping buoy shares in the company on Monday.

Meta has begun its third round of layoffs as part of the company’s multibillion-dollar plan to save costs.

Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S.