CNBC Squawk Alley June 22, 2024
Facebook shares in the red. Even though results did beat on the top and bottom line. Total revenue up 39 . Some of the decline possibly attributed to the surge in spending. With expenses up 82 . On the call, Mark Zuckerberg continued to tout progress with video. Take a listen. Video continueses to be some of the richest and most engaging content for people and publishers and since the start of the year, pages are also sharing 40 more video. We updated our news feed ranking to help people see more of the videos they care about and techting option force video monetization to help our partners bu...