Meta’s Expenses Are Growing Faster Than Its Revenue, Thanks To Lawsuits And AI
A combination of layoffs, lawsuits and AI operating costs set back Meta’s Q2 earnings, despite increased revenue.
A combination of layoffs, lawsuits and AI operating costs set back Meta’s Q2 earnings, despite increased revenue.
Meta’s Q1 call sounded like an AI and hardware pitch, but under the hood it was still about one thing: investing in AI to squeeze more money out of its ads business.
Meta is channeling its booming ad revenue into a $135 billion AI drive to power its “personal superintelligence” future.
Meta is profiting from fraudulent ads; LLMs are taking advantage of SaaS pricing policies; and agencies aren’t going under… yet.
Meta’s Q3 earnings saw increased growth in its ad business and continued the conversation on superintelligence.