Revenue grows to $48.4 billion, helping fuel the chief executive’s bets on augmented reality and artificial intelligence.

Key Takeaways Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions. The CEO said it’s too early to know how growing competition from China could impact its future investments.

Meta Platforms’ fourth-quarter revenue beat Wall Street expectations on Wednesday, but the company predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how bets on pricey artificial intelligence-powered tools are paying off.

Meta Platforms on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan. 6, 2021, attack at the U.

Meta Platforms Inc. agreed to pay $25 million to resolve Donald Trump’s claims that his ban from the company’s social media networks after the Jan. 6, 2021, riot at the US Capitol was illegal censorship,

Meta will pay President Donald Trump $25 million to settle a lawsuit after the tech giant banned him from Facebook and Instagram following the Jan. 6, 2021, insurrection at the Capitol. The Wall Street Journal was the first to report the news.