{"id":1044790,"date":"2026-10-22T10:38:20","date_gmt":"2026-10-22T05:08:20","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1044790"},"modified":"2026-10-22T10:38:20","modified_gmt":"2026-10-22T05:08:20","slug":"meta-beats-expectations-but-legal-penalties-hit-profit-amid-ai-race","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/22\/meta-beats-expectations-but-legal-penalties-hit-profit-amid-ai-race\/","title":{"rendered":"Meta beats expectations but legal penalties hit profit amid AI race"},"content":{"rendered":"<p>Meta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant&#8217;s profits took a hit due to an $18 billion legal settlement with nearly all US states.<\/p>\n<p>The company reported $9.86 billion in profits from July to September, almost 50 percent below investor expectations, which Meta said was dragged down by a $9.9 billion charge related to the settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant&#8217;s profits took a hit due to an $18 billion legal settlement with nearly all US states. The company reported $9.86 billion in profits from July to September, almost 50 percent below investor expectations, which Meta said was dragged down by a $9.9 billion charge related to the settlement.<\/p>\n","protected":false},"author":11,"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-1044790","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\/1044790","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1044790"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1044790\/revisions"}],"predecessor-version":[{"id":1044791,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1044790\/revisions\/1044791"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1044790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1044790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1044790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}