Despite beating expectations and generating more than $ 40 billion in revenue during the third quarter – a 19% YOY increase – Meta got punished on Wednesday after its Q3 earnings report. The company’s stock dipped by more than 15% in after-hours trading on the news that its spending will ramp up this year and into the next. […]
The post Meta Made A Mint In Q3 – But Investors Are Worried About Its AI Spending Spree appeared first on AdExchanger.
More Stories
Trevor Birchett Named Chief Meteorologist at WATN in Memphis
Huge Folds In Hero Digital, Adds AI and Performance Marketing Muscle
Three Seattle TV Anchors Make the Move to Radio