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Meta announces lower costs, big buyback, upbeat sales

By Katie Paul and Nivedita Balu

Feb 2 2023 11:55AM

CEO Mark Zuckerberg calls 2023 the "year of efficiency."

Meta announces lower costs, big buyback, upbeat sales

Meta Platforms stricter cost controls this year and a new US$40 billion (A$56 billion) share buyback sent shares soaring, as CEO Mark Zuckerberg called 2023 the "year of efficiency." The parent of Instagram and Facebook cut its cost outlook for 2023 by US$5 billion to a range of US$89 ...

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