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Meta Shares Rise On Strong Revenues, Profits

  • Meta Platforms' shares rose in after-hours trading after beating analysts' expectations on revenues and profits for the fourth quarter.
  • Revenues for the quarter were $48.39 billion, up 21% YoY, while net income rose by 49% YoY to $20.8 billion.
  • Meta AI chatbot now has more than 700 million monthly active users, with a target of reaching one billion users this year.
  • Daily active users for Meta reached 3.35 billion, surpassing analysts' expectations.

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