Meta shares soar despite a decidedly mixed quarter report

The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverseMeta made a cautious recovery on Wednesday with its first earnings report since a disastrous fourth quarter, sending shares up 13% in after hours trading. The company’s reported total revenue rose 7% to $27.91bn in the first quarter, the bulk of it coming from ad sales. That number missed analysts’ estimates of $28.20bn, according to IBES data from Refinitiv. Continue r