Meta Platforms beat third-quarter revenue estimates as advertising growth lifted sales 26% to $64.6 billion. However, rising capital expenditure on artificial intelligence, negative free cash flow and a new non-voting share class put the spotlight on investment returns and shareholder implications.
Meta Platforms beat third-quarter revenue estimates as advertising growth lifted sales 26% to $64.6 billion. However, rising capital expenditure on artificial intelligence, negative free cash flow and a new non-voting share class put the spotlight on investment returns and shareholder implications.
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