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Meta Stock Pops On Q4 Earnings Beat, Takes $4.2 Billion Charge After Massive Layoffs, FB Daily Active Users At 2 Billion

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Mark Zuckerberg’s Meta, parent of Facebook and Instagram, posted upbeat financials today to Wall Street’s surprise and relief. Earnings fell but were hit by a $4.2 billion restrcuturing charge after laying off 11,000 people late last year

, posted upbeat financials today to Wall Street’s surprise and relief, beating on revenue and daily active users. Earnings fell but were hit by a $4,2 billion restrcuturing charge after laying off 11,000 people late last year.

Facebook’s daily active users of 2 billion at year end were up 4%. Monthy active users of 2.96 billion were up 2%.

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