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Meta earnings reveal cash flow drops 91% - while Zuckerberg writes op-eds about superintelligence
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Meta earnings reveal cash flow drops 91% - while Zuckerberg writes op-eds about superintelligence

1 min read

Profit fell 14% on legal bills and layoff costs, even as Zuckerberg pitches AI as personal superintelligence for everyone.

The Facebook and Instagram parent company earned $15.85 billion, or $6.18 per share, in the April-June period. That’s down 14% from $18.34 billion, or $7.14 per share, in the same period a year earlier. Revenue grew 28% to $60.8 billion from $47.52 b... [2708 chars]

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Source: Fortune

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