Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more than 14% despite a miss on revenue expectations, as investors and analysts digested the company’s plans to scale back spending.
On the surface, Meta’s report wasn’t all that great. It missed on revenue estimates, with analysts expecting the company to bring in $28.24 billion rather than the $27.9 billion it reported. But the company…
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