BUSINESSQUARTZ
Meta's stock sank after legal charges and AI spending eroded its profit
Meta's stock declined as legal charges and AI spending reduced its profit. The company's net income fell 14% year over year, expenses increased 55%, and free cash flow dropped to $784 million.
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- Meta shares drop as Q2 profit declines due to legal expenses and severance costs
- Meta shares drop as Q2 profit declines due to legal expenses and severance costs
- Meta shares drop as Q2 profit declines due to legal expenses and severance costs
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