How To Buy Facebook (META) Stocks & Shares In Australia – Forbes

February 14: Meta Stock Rallies on 2022 Results It’s been a tough year for tech companies used to posting record revenues and meeting market expectations, but Meta (META), the parent company of social media sites Instagram and Facebook, has fared better than many. Although Meta recorded a decline in revenue for the third consecutive quarter, it did better than expected and the stock rallied on the release of its Q4 results, rising 20%. Investors also reacted warmly to news that Meta is planning a $40 billion increase in its stock buyback program. During the fourth quarter of 2022, Meta recorded revenue of $US32.17 billion—down 4% year over year. Net income decreased to $US4.65 billion—a drop of more than 50%—owing to heightened costs. The company averaged some 2 billion daily users in the fourth quarter, an increase on the 1.984 billion daily users in the previous quarter. The total number of ad impressions served across Meta’s services increased 23%, but the average price per ad dropped by 22%. “Our community continues to grow and I’m pleased with the strong engagement across our apps,” said Mark Zuckerberg, Meta founder and CEO, in a media release. “The progress we’re making on our AI
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