Meta Platforms' share price declined in after-hours trading following second-quarter earnings that revealed rising artificial intelligence costs, lower profit margins, and reduced cash generation. CEO Mark Zuckerberg announced the company plans to sell AI tools to other companies for the first time, signaling a shift in strategy.
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📰 **Meta shares fall as frustration grows over AI spending plans** Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies 📰 Source: BBC News 🔗 Link: https://www.bbc.co.uk/news/articles/ckgd31l5yrdo?at_medium=RSS&at_campaign=rss #AI #ArtificialIntelligence Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies
Meta shares fell sharply in after-hours trading after the Facebook and Instagram parent reported second-quarter results showing revenue growth, lower profit and heavier planned spending on artificial intelligence. Revenue rose about 28% year on year to $60.8 billion-$61 billion, while earnings per share of $6.18 missed Wall Street expectations cited by Bloomberg consensus estimates of $7.22. Sever
Meta shares fell in after-hours trading after the Facebook and Instagram parent reported second-quarter results showing rising AI costs and falling cash generation and profit. The company said revenue rose 28% to about $60.8 billion, while net income fell 14% to about $15.8 billion; several reports said the stock dropped roughly 8% to 12% after the results [enca.com#1][theguardian.com#1][malaymail
Amazon raised its 2026 capital spending forecast to $220 billion from $200 billion after reporting second-quarter net sales above $200 billion, up 20% from a year earlier [techinasia.com#1][newsday.com#1][thewrap.com#1][malaymail.com#1][cna.com.tw#1]. Amazon Web Services revenue rose 37% to $42.2 billion, its strongest growth in 18 quarters, and Amazon shares rose more than 9% in after-hours tradi