Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of the company to focus on its AI (artificial intelligence) and metaverse projects in the longer term Meta Reports Better Than Expected Q4 2022 Results Meta, the social company, reported mild positive results for Q4 2022, beating revenue expectations, and giving a deeper explanation of the direction that the company will take during 2023. The company received revenues of $32.17 billion, higher than the $31.53 billion estimated, giving hope to investors about the recovery of the company in the future. The company, which has been criticized for the pivot of its business model to the metaverse, a digital representation of the real world, is now trying to refocus after the heavy losses that R&D in this tech...
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