Meta Rallies on Earnings Beat, Moderna Tanks After Slashing Guidance
The Rundown
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Meta's Shift from Metaverse to AI and Reddit's Strategic Acquisition
This chapter examines Meta's significant advertising growth, allowing for investments in AI despite losses in the metaverse. It also covers Reddit's acquisition of Memorable AI to bolster advertising efforts, reflecting on their dependence on ad revenue and stock performance post-IPO.
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