"Meta Platforms Surpasses Analyst Expectations and Announces Innovation Initiatives, Including $50 Million Investment in Indonesia"
- Meta Platforms Inc, formerly known as Facebook, reported a strong fourth quarter with revenue reaching $33.67 billion, surpassing analysts’ expectations. The company also revealed that it has 2.98 billion monthly active users across its platforms.
- In other news, Meta Platforms Inc announced a $50 million investment to establish a Meta Labs hub in Indonesia. This initiative aims to support the country’s digital economy and foster innovation in the region.
- Additionally, Meta Platforms Inc shared plans to launch a new virtual reality app called Horizon Workrooms, designed to facilitate remote collaboration and productivity in a virtual environment. The app is set to revolutionize the future of work.
Read more at Barchart: What To Expect From Meta Platforms’ Report