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Meta Platforms reported strong first-quarter results, with 27% revenue growth and a 114% increase in diluted EPS. Meta has 3.2 billion daily active users across its apps, including Facebook, Instagram, WhatsApp, and Messenger. This figure was up 7% year over year. Meta's average revenue per user increased 18% yearly to $11.20, indicating its success in monetizing users through advertising and other revenue streams. Meta's network effects, with its massive established user base and ability to extract more value per user, represent a significant competitive advantage.
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Extraordinary Attorney Woo Episode 5 in Hindi Dubbed
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Apple's second-quarter results revealed better-than-expected sales and profits, boosting its shares by approximately 6% in pre-market trading on Friday. iPhone sales declined 10% year-over-year, better than feared, while Apple's Greater China revenue fell 8% but was above estimates. Earnings per share also topped estimates. Apple authorized an additional $110 billion for share repurchases and increased its dividend. Apple is dealing with slowing China sales and competition but saw growth there. Apple is gearing up new software and \
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Amazon reported first-quarter earnings that topped Wall Street estimates on revenue and earnings per share, sending shares up 2% pre-market. Amazon invests heavily in AI through its cloud business to gain an edge in this market. Advertising also grew 24% and matched estimates. Management sees customers as thoughtful spenders in the US and trading down. Guidance for the second quarter sales was slightly below estimates.
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