Expects Reels to be neutral to revenue by end of 2023 or early 2024. Expects headcount growth in excess of 1%-2% in 2024. Says most of near term CapEx spend to be directed to AI projects. Says feels "quite good" about AI position. Says pleased with engagement trends on Facebook. Says has significantly improved cost structure over past six months. Expects to recognize further restructuring charges throughout the year.
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