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Labrish
Nyuuz
Meta shares jump 12% on Nasdaq as Zuckerberg goes full throttle on AI
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[QUOTE="Munyaradzi Mafaro, post: 55745, member: 636"] Meta reported exceptional second-quarter earnings that exceeded analyst expectations by substantial margins. The company generated $47.52 billion in revenue compared to estimates of $44.80 billion. Earnings per share reached $7.14 against predictions of $5.92. Meta guided third-quarter revenue between $47.5 billion and $50.5 billion. Share prices surged 12 percent following the announcement. The technology giant consumed $32 billion in cash during the first six months of 2025. Cash reserves plummeted 72 percent to $12 billion by June 30th from December levels. Meta spent $26 billion on investments while generating $25.6 billion from operations during the second quarter. The company acquired ScaleAI for $14.3 billion and established its Superintelligence Lab. Capital expenditure guidance increased to $64 billion from the previous $62 billion estimate. [/QUOTE]
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Nyuuz
Meta shares jump 12% on Nasdaq as Zuckerberg goes full throttle on AI
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