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Last Updated: April 27, 2023, 02:19 IST
Meta in March became the first Big Tech company to announce a second round of mass layoffs. (File Photo)
The company expects current-quarter revenue between $29.5 billion and $32 billion, compared with analysts’ estimates of $29.53 billion
Meta Platforms Inc forecast second-quarter revenue above market expectations on Wednesday as the digital advertising market shifts to tried and tested platforms such as Facebook and Instagram at a time of increasing economic uncertainties.
The company expects current-quarter revenue between $29.5 billion and $32 billion, compared with analysts’ estimates of $29.53 billion, according to Refinitiv data.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
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