Meta Platforms Inc. (NASDAQ: META) Reports Record Revenue and Strategic Shifts
Meta Platforms Inc. (NASDAQ: META) has announced a 21% year-over-year increase in revenue for the fourth quarter of 2024, reaching a net income of $20.8 billion. The company's strong financial performance was driven by advancements in artificial intelligence (AI) that enhanced ad targeting and engagement across its platforms. CEO Mark Zuckerberg highlighted Meta’s AI-powered assistant, "Meta AI," which is expected to reach over a billion users, further integrating AI into the company’s ecosystem. However, Meta cautioned that growth may slow in the first quarter of 2025 as digital ad spending stabilizes. In a strategic move, Meta is exploring the possibility…