Meta: Instagram and Facebook ads help drive profit surge
Source: BBC
Sales of Instagram and Facebook adverts soared this spring, delivering a surge in profits for parent company Meta. The company said revenue rose to more than $39bn (£30bn) in the three months to June, up 22% on the same period last year, as it charged more for adverts and the commercials reached more people. Profits jumped to nearly $13.5bn despite huge levels of investment in its artificial intelligence (AI)…
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