Meta shares soar as sales top estimates, signalling turnaround
The Straits Times|February 03, 2023
SAN FRANCISCO – Meta Platforms posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signalling it is on course for a turnaround after its most difficult year.
Meta shares soar as sales top estimates, signalling turnaround

The company’s shares jumped more than 18 per cent in extended trading after fourth-quarter sales beat estimates, fuelled by stronger advertising demand and more users for its major social networks.

To build a more resilient company, Meta is working to become more efficient, more profitable and nimbler at developing new products, according to chief executive Mark Zuckerberg.

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MÁS HISTORIAS DE THE STRAITS TIMESVer todo
The Straits Times

A German initiative to keep workers employed by retraining them

Germany - When Mr Emrullah Karaca began working at a factory in Gifhorn, Germany, where the auto parts supplier Continental builds components for hydraulic brakes, he was looking for a temporary job after finishing high school.

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3 minutos  |
May 13, 2024
Rex diversifies business but banks on oil, gas for short-term value
The Straits Times

Rex diversifies business but banks on oil, gas for short-term value

S’pore-listed company bets on drones, medical tech for future growth as fossil fuels phase out

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3 minutos  |
May 13, 2024
The Straits Times

More alumni of local unis return to school, but barriers remain

Costs, work and family commitments among constraints faced: NUS survey

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5 minutos  |
May 13, 2024
Sellers can list their flats on HDB portal from May 13
The Straits Times

Sellers can list their flats on HDB portal from May 13

Service seeks to provide buyers and sellers access to secure transactions

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3 minutos  |
May 13, 2024
The Straits Times

Young Taiwanese find it hard to buy a home as wealth gap widens

Workers want new govt to prioritise tackling stagnant wages, soaring housing prices: Poll

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4 minutos  |
May 13, 2024
Flash floods kill 315 in Afghanistan villages
The Straits Times

Flash floods kill 315 in Afghanistan villages

KABUL Flash floods caused by heavy rain have devastated villages in northern Afghanistan, killing 315 people and injuring more than 1,600, the authorities said on May 12, as villagers buried their dead and aid agencies warned of widening havoc.

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1 min  |
May 13, 2024
The Straits Times

Surge In worldwide dengue numbers may not impact S'pore, say experts

Even as dengue numbers soar worldwide, experts say it remains to be seen how the record figures elsewhere will impact the number of infections in Singapore.

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3 minutos  |
May 13, 2024
Cruise centres to be merged, freeing up space along southern waterfront
The Straits Times

Cruise centres to be merged, freeing up space along southern waterfront

Move is part of plans for promenade from Labrador Nature Park to Marina Bay

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5 minutos  |
May 13, 2024
The Straits Times

Two Straits Times digital projects win top awards in global contest

It clinches total of 60 awards, of which 51 were for its digital work

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2 minutos  |
May 12, 2024
NADAL NOT RULING OUT PARIS ENCORE
The Straits Times

NADAL NOT RULING OUT PARIS ENCORE

Despite losing tamely to Hurkacz, he leans towards trying for I5th French Open title

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3 minutos  |
May 12, 2024