Meta shares pop after company beats on revenue

Category: Business

Meta reported fourth-quarter earnings with a 21% increase in sales and a 49% rise in net income, reaching $20.8 billion. CEO Mark Zuckerberg expressed optimism about redefining relationships with governments and highlighted the growth of Meta AI, which surpassed 700 million monthly active users. He emphasized the importance of an open-source standard in AI, particularly in light of competition from international models.

Keywords: Meta, Zuckerberg, AI

Source: CNBC

Update At: 1/30/2025

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