Meta beats expectations but legal penalties hit profit amid AI race

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 22 Oct, 03:20 UTC

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 with nearly all US states. The company reported $9.86 billion in profits from July to September…

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Sources

• T1Meta beats expectations but legal penalties hit profit amid AI raceEconomic Times — Tech / Technology / Startups / ETTelecom22 Oct, 03:20