The company’s net profit in the second quarter of this year decreased by 14% compared to the same period last year, down to 15.8 billion USD. However, revenue increased by 28% to 60.8 billion USD, exceeding forecasts. The advertising business had a significant impact on this.
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Meta’s stock price fell by as much as 12% after market hours, indicating analysts’ skepticism about the company’s spending on artificial intelligence.
