Meta breaks its profit record with strong growth in its year of austerity. The company founded by Mark Zuckerberg earned $39,098 million in 2023, 69% more than the previous year.
Meta has reduced its workforce by 22% in one year and closed the year with 67,317 employees. The advertising bonanza, in turn, makes it easier for Meta to invest in artificial intelligence and virtual reality. The board of directors has already approved a first cash dividend of $0.50 per share.