{"id":1024788,"date":"2026-07-30T08:28:11","date_gmt":"2026-07-30T02:58:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1024788"},"modified":"2026-07-30T09:07:27","modified_gmt":"2026-07-30T03:37:27","slug":"meta-misses-profit-expectations-sticks-to-massive-ai-spending","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/30\/meta-misses-profit-expectations-sticks-to-massive-ai-spending\/","title":{"rendered":"Meta misses profit expectations, sticks to massive AI spending"},"content":{"rendered":"<p>San Francisco: Facebook-parent Meta reported profits on Wednesday that fell short of Wall Street expectations, as the cost of staying in the race to deploy artificial intelligence &#8212; along with hefty legal and severance charges &#8212; hurt its bottom line. <\/p>\n<p>The social media giant said net income dropped 14% from a year earlier to $15.8 billion. <\/p>\n<p>Revenue, however, climbed 28% to $60.8 billion, beating estimates and underscoring the continued strength of its advertising business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco: Facebook-parent Meta reported profits on Wednesday that fell short of Wall Street expectations, as the cost of staying in the race to deploy artificial intelligence &#8212; along with hefty legal and severance charges &#8212; hurt its bottom line. The social media giant said net income dropped 14% from a year earlier to $15.8 billion. Revenue, however, climbed 28% to $60.8 billion, beating estimates and underscoring the continued strength of its advertising business.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1024788","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1024788"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024788\/revisions"}],"predecessor-version":[{"id":1024792,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024788\/revisions\/1024792"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1024788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1024788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1024788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}