Meta Q1 Sales Up 3% as Social Giant Beats Wall Street Estimates

“We had a good quarter and our community continues to grow,” Meta chairman, CEO and co-founder Mark Zuckerberg said in prepared remarks. “Our AI work is driving good results across our apps and business. We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long-term vision.”

The company has embarked on a “year of efficiency,” as Zuckerberg has dubbed its cost-cutting initiatives. In November Meta announced

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