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Facebook’s parent company to pay out to shareholders as it reports $40bn revenues for final quarterMeta revenue soars as it pivots to AIMark Zuckerberg, the chief executive of Meta, the parent company of Facebook, Instagram and WhatsApp, is expected to receive $700m (£549m) a year in dividends.On Thursday, Meta announced it would pay its first-ever quarterly dividend to investors since Facebook floated on the...

Former chief operating officer was lead architect of Facebook’s digital advertising-driven business modelSheryl Sandberg is to step down from the board of Facebook’s parent company, Meta, nearly two years after quitting her executive role at the business.Sandberg was the lead architect of Facebook’s digital advertising-driven business model as Meta’s chief operating officer. Continue reading...