parent Platforms Inc on Wednesday recorded its slowest revenue growth in a decade, singed by advertisers trimming marketing budgets.The company's total revenue, the bulk of which comes from ad sales, rose 7 percent to $27.91 billion in the first quarter, but missed analysts' estimates of $28.20 billion, according to IBES data from Refinitiv.However, shares of Meta jumped nearly 9 percent in extended trading after the company reversed troubling trends in active users from the prior quarter.
Load More
Load More