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35 Meta Shares Fall as Profits Drop

The Information
Jyoti Mann @ The Information 3 place · today 17:04 EDT

Meta Shares Fall as Profits Drop

Meta Platforms’s operating profit fell 8% in the second quarter, despite 28% revenue growth, reflecting a sharp increase in costs relating to Meta’s AI investments and some one-time costs. Meanwhile Meta CEO Mark Zuckerberg signalled that Meta was weighing whether to rent out excess computing ...

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