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Facebook revival signs

Financial markets have been closely watching for results from the big tech companies, which have a big impact on movements on the major US stock indexes. Facebook’s business appears to be reviving after months of decline. Meta, the parent company of Facebook, Instagram and WhatsApp, said revenue grew 3% in the first three months of 2023, compared with the same period a year earlier. The gains come amid a wider recovery for the firm’s shares, as some investors buy into chief executive Mark Zuckerberg’s campaign to cut costs and refocus the tech giant. Is world economy regaining its strength after covid ?

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