The firm's shares surge, as boss Mark Zuckerberg declares 2023 a 'year of efficiency'.
The number of people using Facebook daily grew to an average of two billion in December - about a quarter of the world's population.
Shares in parent company Meta surged more than 15% in after-hours trade as boss Mark Zuckerberg declared 2023 the "year of efficiency"."We're in a different environment now," he said, pointing to the firm's revenue, which declined in 2022 for the first time in its history after years of double-digit growth.
Meta, which also owns Instagram and WhatsApp, announced a major restructuring last year, including reducing office space and cutting 11,000 jobs or about 13% of staff. But in December, the number of users on the site daily was up 4% from a year earlier, adding users even in Europe and the US and Canada.Mr Zuckerberg said the company was making progress with its video product - Reels - which it has been focused on as it faces off with rivals such as TikTok, which have gained traction, especially among younger users.
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