Facebook shrugs off fears it's losing users

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Shares in Facebook parent company Meta surged after it reported a return to user growth, even though the company’s profits dropped and sales growth slowed. Jenny Kane/AP

Jenny Kane/AP

More people used Facebook in the first quarter than analysts expected, easing concerns about competition from TikTok that led the world’s biggest social network to lose users for the first time ever last year.

Shares in Facebook parent company Meta surged on Wednesday afternoon after it released its latest earnings report – even though the

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