Meta also recorded a $16 billion one-time charge related to US President Donald Trump's 'Big Beautiful Bill' that led to the decline in its third quarter profit. (Photo: Julio Lopez/Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The shares of Meta Platforms fell over 12% on Thursday to $655.12 apiece after its third quarter earnings as its forecasts 'notably larger' capital expenses next year thanks to investments in artificial intelligence.

The Facebook and Instagram parent reported revenue growth of 26% that beat market estimates, but that jump was outpaced by a 32% increase in costs. In addition, the social media giant has lifted its 2025 capital expenditure guidance with Meta now expecting capex to range between $70 billion and $72 billion. This is higher t

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