Meta earnings, Dropbox cuts 16%, generative AI tool for lawyers raises $21M Series A
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Meta Q1 earnings: revenue: $28.6B (+3% y/y), net income: $5.7B (-24% y/y); Family daily active people (DAP): 3B (+5% y/y), Facebook DAUs: 2B (+4% y/y), headcount: 77.1K (-11% y/y), shares were up ~14% on Thursday morning - Link Dropbox CEO Drew Houston announced the company would be cutting ~500 employees (16% of staff) due to slowing growth and a larger reliance on developing AI-powered offerings -
Meta earnings, Dropbox cuts 16%, generative AI tool for lawyers raises $21M Series A
Meta earnings, Dropbox cuts 16%, generative…
Meta earnings, Dropbox cuts 16%, generative AI tool for lawyers raises $21M Series A
Meta Q1 earnings: revenue: $28.6B (+3% y/y), net income: $5.7B (-24% y/y); Family daily active people (DAP): 3B (+5% y/y), Facebook DAUs: 2B (+4% y/y), headcount: 77.1K (-11% y/y), shares were up ~14% on Thursday morning - Link Dropbox CEO Drew Houston announced the company would be cutting ~500 employees (16% of staff) due to slowing growth and a larger reliance on developing AI-powered offerings -