Meta, formerly known as Facebook, has reported a strong quarter with over 3 billion people using at least one of their apps every day. The social media giant also crossed another milestone of having 200 million daily actives in the US and Canada.
The company has been focusing on creating new AI experiences and will launch the next-generation Quest headset later this year. CEO Mark Zuckerberg emphasized during the earnings call that AI and the metaverse, both major technological waves, will continue to drive the company's roadmap.
The company is also undergoing restructuring to make it a more efficient technology company that builds better products faster.
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