Meta forecast misses expectations as it sticks to hefty AI spending

Source: Biztoc.com· finance.yahoo.com· July 29, 2026
Meta forecast misses expectations as it sticks to hefty AI spending

Meta Platforms forecast revenue for the third quarter below some Wall Street expectations on Wednesday, sending its shares down more than 6% in extended US trading despite another quarter of strong advertising growth. The Facebook parent said it expected reve…

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