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AI continues to drive Meta's year-long recovery. Revenue from its Advantage Shopping Campaigns (ACS) more than doubled since last year, Meta CEO Mark Zuckerberg said during the Q1 2024 earnings call. Meta, the parent company of Instagram and Facebook, reported a 27% increase in revenue, reaching $36.5 billion compared to $28.6 billion in 2023. Advertising...
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Under the deal, Shein will acquire one-third interest in Sparc, parent company to Forever 21, while Sparc will become a minority shareholder in Shein.
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