{"id":840466,"date":"2024-08-02T10:59:54","date_gmt":"2024-08-02T05:29:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840466"},"modified":"2024-08-02T10:59:54","modified_gmt":"2024-08-02T05:29:54","slug":"meta-rallies-9-as-strong-ad-revenue-cushions-ai-spending","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/meta-rallies-9-as-strong-ad-revenue-cushions-ai-spending\/","title":{"rendered":"Meta rallies 9% as strong ad revenue cushions AI spending"},"content":{"rendered":"<p>Meta soared nearly 9% on Thursday after its rosy revenue growth signaled that strong digital-ad spending on its social media platforms can cover the cost of its AI investments.<\/p>\n<p>The parent company of Facebook was on track to add about $120 billion to its market value of $1.204 trillion, after it topped second-quarter revenue expectations and forecast growth for the July-September period that was above Wall Street&#8217;s estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta soared nearly 9% on Thursday after its rosy revenue growth signaled that strong digital-ad spending on its social media platforms can cover the cost of its AI investments. The parent company of Facebook was on track to add about $120 billion to its market value of $1.204 trillion, after it topped second-quarter revenue expectations and forecast growth for the July-September period that was above Wall Street&#8217;s estimates.<\/p>\n","protected":false},"author":7,"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-840466","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\/840466","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840466"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840466\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}