By Walter Grand in Europe —

Meta shocked investors in a good way with its Q4 report

Meta shocked investors in a good way with its Q4 report
Photo by Dima Solomin / Unsplash

For the first time in a long time, Meta presented a good report. The giant's revenues fell by $1.5 billion, but exceeded analysts' expectations.

CEO Mark Zuckerberg called 2023 the "Year of Efficiency". Meta announced a $40bn share buyback, with costs also projected to fall to the $89bn to $95bn range.

As a result, the company's shares jumped 20% in the post-market. If investor sentiment does not change by the start of main trading, Meta's capitalisation will rise by $76bn.