Year of efficiency pays off: Wall Street loves cost-cutting.
What’s missing: The company’s earnings release made no mention of Threads, its newest social platform, for good reason: It’s not contributing to the company’s bottom line. Yet.
Our take: Despite broader tech market fluctuations, Meta continues to meet expectations. With its sustained upward trajectory, robust user engagement, and strategic cost optimizations, Meta is not only navigating choppy waters but also setting the course for uncharted territories of growth.
First Published on Oct 26, 2023
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