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Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse

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Facebook parent Meta Platforms reported its largest year-over-year revenue growth in more than a year as demand for advertising picks up again

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The Facebook parent has seen revenue surge after cost cutting and improved ad-targetingFacebook parent company Meta has launched Threads, a stand-alone microblogging app that rivals Elon Musk’s Twitter. Within seven hours of its launch, the app gained 10 million sign-ups, according to Meta CEO Mark Zuckerberg. Photo: Yui Mok/Zuma Press

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