Meta Platforms, Inc. (META) Stock: Sinks as Q2 Costs Surge 55% and Revenue Jumps 28%

TLDR Meta shares plunged 6.25% after hours despite a strong 28% revenue increase. Quarterly costs surged 55% as legal and severance charges pressured profit. Net income fell 14% while diluted earnings declined 13% to $6.18 per share. Capital spending reached $31.08 billion and reduced free cash flow sharply. Advertising stayed strong as impressions rose 14% [...]

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