Meta, Amazon beat expectations with stellar results

SAN FRANCISCO – Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 bil­lion in the quarter. The company said Facebook’s monthly users stood at 3.07 billion people, 20 years after the platform was founded by Mark Zuckerberg in a Harvard dorm. “We had a good quarter as our community and business continue to grow,” Meta CEO Zuckerberg said in an earnings release. Meta shares jumped more than 14 percent to top $445 in after-market trade. A year ago,…