Facebook parent Meta’s shares soar on first sales jump in a year

Revenues rose as digital advertisers returned to familiar platforms like Facebook and Instagram in an uncertain economy.

Meta Platforms posted its first sales increase in nearly a year on Wednesday and forecast second-quarter revenue above market expectations, as digital advertisers returned to familiar platforms like Facebook and Instagram amid growing economic worries.

Shares of the Facebook parent soared by 12 percent after the bell, adding more than $50bn to its stock market value with…