Meta earnings recap: Stock climbs as advertising drives revenue beat, while Zuckerberg doubles down on AI spending

Category: Business

Meta expects a significant increase in headcount by the end of the year, focusing on AI investments despite a long monetization timeline. The company anticipates higher capital expenditures and aims to enhance its advertising performance, particularly with the upcoming presidential election and potential TikTok ban boosting ad revenue.

Keywords: Meta, AI investments, advertising revenue

Source: Business Insider

Update At: 8/1/2024

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