Meta shares drop as Q2 profit declines due to legal expenses and severance costs
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Source: The Manila Times
Published: 2026-07-30 06:46 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Financial Markets, Law & Courts, Business & Economy
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Snippet:
Meta Platforms said Wednesday its second-quarter profit declined even as revenue beat Wall Street's expectations, as legal expenses and severance costs for recent layoffs weighed on its results.
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