Shares inMeta Platformsjumped 12% in after-hours trading Wednesday following the companys report of better-than-expected first-quarter financials.
It ended regular trading Wednesday at $209.40, up 1%.
Meta, parent ofsocial mediagiantsFacebook, Instagram and WhatsApp, posted total revenue of $28.65 billion.
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The average price per ad fell 17%, Meta said, while impressions rose 26% year-over-year.
He said that breakthrough in computer vision was what enabled us to ship the first standalone VR rig.
Being able to procedurally generate worlds will be important for delivering compelling experiences at scale.
He said that metaverse technologies will help deliver AI as well.
