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Meta posts upbeat outlook, plans $40 billion buyback

wsj

4 min read . Updated: 02 Feb 2023, 06:29 PM IST Salvador Rodriguez, The Wall Street Journal

Meta’s shares soared as much as 20% in off-hours trading as the company pointed to early signs of improvement, including a reduced estimate for costs in 2023 and a forecast that first-quarter revenue could reach as high as $28.5 billion (Photo: Reuters) — Meta’s shares soared as much as 20% in off-hours trading as the company pointed to early signs of improvement, including a reduced estimate for costs in 2023 and a forecast that first-quarter revenue could reach as high as $28.5 billion (Photo: Reuters)

Social-media giant plans to buy back additional $40 billion in shares, says its costs are set to decline and its global users increased

Meta Platforms Stock Rises After Posting Upbeat Outlook for Coming Year

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