This chapter analyzes Meta's financial performance, emphasizing record revenue growth driven by strategic AI investments aimed at enhancing advertising effectiveness. Despite increased capital expenditures, the core advertising business remains robust, contributing positively to investor sentiment. The discussion also explores the implications of these AI integrations for Meta's long-term financial health amidst a competitive tech landscape.
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Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts break down Meta reporting better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping it sell more targeted and personalized advertisements. Nate Thooft, CIO at Manulife Investment Management and Bloomberg News Rates Reporter Michael Mackenzie discuss the impact of the Fed decision on the markets and the economy. Frank Sorrentino, CEO at ConnectOne Bank, explains what Fed policy means for banks and small businesses.
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