Meta Shares Jump On Better-Than-Expected Q1 Results
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. MetaJustin Sullivan/Getty Images 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....