Investors were disappointed when Platforms (NASDAQ: META), the company formerly known as Facebook, reported its first-ever annual revenue decline in 2022, , resulting in a sell-off that sent the company's stock to a low of $88, down more than 60% from its 52-week high.

However, share prices have recovered, prompting speculation whether the company is finally out of trouble. To answer this question, let's review Meta's first-quarter 2023 earnings report for some clues.

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Source Fool.com