Meta Reports Profits More Than Tripled and Issues Its First Dividend
Source: New York Times
Meta on Thursday reported a 25 percent increase in quarterly revenue while profit more than tripled, a rise fueled by its ads business after a shaky 18 months of layoffs and a rocky digital advertising market.The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, also said it would issue its first dividend, of 50 cents a share. Dividends are typically associated with mature and slower-growth…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at New York Times