Mark Zuckerberg’s Meta Takes a One-Time Charge of Nearly $16 Billion in the third trimester, which is related with the “Big Beautiful Bill” of US President Donald Trump and announced that its capital spending next year will be significantly higher than in 2025.
The shares The company’s shares were down about 6% after the session ended.
Excluding that charge, Meta said third-quarter net income would have risen $15.93 billion to $18.64 billion, compared with reported net income of $2.71 billion.
The social networking company now expects capital expenditures of between $70 billion and $72 billion, down from a previous estimate of $66 billion to $72 billion.
Meta continues to benefit from its massive user base. The AI-optimized advertising platform helps advertisers automate campaigns, improve video quality, translate ads and create “personality”-based images for targeted audiences.
OR company has launched ads on WhatsApp and Threads platforms, competing directly with the likes of Elon Musk’s X, while the Instagram’s Reels continue to compete for ad revenue share against ByteDance’s TikTok and YouTube Shorts.
Source: Skai
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