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Meta Surges in Earnings Despite Legal Fees and Competitive AI Landscape

Technology News

Meta Surges in Earnings Despite Legal Fees and Competitive AI Landscape

Meta beats expectations but legal penalties hit profit amid AI race

Economic Times

Meta beats expectations but legal penalties hit profit amid AI race

Meta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant's profits took a hit due to an $18 billion legal settlement...

Meta beats expectations but legal penalties hit profit amid AI race

The Straits Times

Meta beats expectations but legal penalties hit profit amid AI race

Meta beats expectations as legal penalties hit profit amid AI spending surge

Meta's advertising engine keeps pace with its AI build-out as legal costs cut into profit

DIGITIMES

Meta's advertising engine keeps pace with its AI build-out as legal costs cut into profit

Meta Platforms' third quarter showed that its core advertising business is still growing fast enough to carry one of the largest infrastructure programs in the technology industry. Still, it also...

Meta Earnings More Than Doubled Despite $10 Billion in Legal Fees

TheWrap

Meta Earnings More Than Doubled Despite $10 Billion in Legal Fees

Meta beat Wall Street expectations in its third quarter earnings report despite high legal fee payouts this quarter

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