Meta shares rise after earnings top expectations

Meta, the parent company of Facebook and Instagram, said revenue in the quarter was $39 billion, about 22 percent higher than the same period a year earlier. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," said Meta founder and chief Mark Zuckerberg. Meta shares rose more than six percent to $506.91 in after-market trade that followed the release of the earnings figures. The impressive profit came even though Meta's Reality Labs unit...