By BARBARA ORTUTAY AP Technology Writer Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.” The Menlo Park, California-based company said Thursday that it earned $14 billion, or $5.33 per share, in the October-December period. That’s up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion, above Wall Street’s expectations. The post Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound appeared first on News
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