New York (EFE).- The American technology company Meta, owner of Facebook, Instagram and WhatsApp, announced this Wednesday that it earned 5,709 million dollars in the first quarter of 2023, 24% less year-on-year.
The company led by Mark Zuckerberg had a turnover of 28,645 million dollars between January and March, 3% more than in the same period of the previous year, but its costs increased by 10% due, in part, to its restructuring process, according to a statement.
Zuckerberg, quoted in the note, stressed that Meta’s work in the field of artificial intelligence (AI) is driving “good results” in the company’s applications and businesses, which is becoming “more efficient”, fast and strong in the long run.