Popular tech juggernaut Meta Platforms, Inc. (META) will release its fourth quarter and full-year 2023 results tomorrow. Prior to that, the company’s CEO is scheduled to face the Senate Judiciary Committee regarding child exploitation on social media. In recent times, the company has also faced a number of related lawsuits. This could mean regulatory action on META’s social media platforms.
Despite this, the company robustly rebounded last year from its lows. With the address of shareholder concerns, the change of attitude has caused its sales to grow 23% year-over-year in the third quarter, driven by growth in digital advertising and gain in market share over rivals.
