The Latest Breaking News from Meta

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring. The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also…

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg struck a new tone with investors Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big assist from artificial intelligence.

Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround after its most difficult year.