Facebook-parent Meta Platforms forecasts holiday-quarter revenue above estimates
Advertising
:Facebook-owner Meta Platforms forecast current-quarter revenue above market expectations on Wednesday, projecting robust holiday ad spending that should continue to cover the cost of its massive artificial intelligence investments. Shares of the Menlo Park, California-based firm fell 2.5 per cent in after-hours trading. Analysts believe AI-powered advertising tools and stronger monetization of short-form video product Reels have bolstered Meta's revenue growth this year. Many analysts have
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