Facebook parent Meta posts solid 1Q results, stock soars

Facebook's parent company, Meta, reported better-than-expected first-quarter earnings, due to the growth of its monthly user base which is inching closer to 3 billion. Meta's flagship platform, Facebook, had 2.99 billion monthly users and 2.04 billion daily users, which represented a 2% and 4% increase year-over-year, respectively.

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