Meta beats revenue expectations but legal penalties hit profit
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What happened
Meta had to pay US$18 billion to settle cases with nearly all US states. (EPA Images pic) SAN FRANCISCO: Meta beat investor expectations for third-quarter revenue on Wednesday but the social media giant's profits took a hit due to an US$18 billion legal settlement with nearly all US states. (Free Malaysia Today, 06:05)
The reporting
1 report
Photo: Free Malaysia Today Free Malaysia Today·News·EN·22 Oct, 06:05 MYTMeta beats revenue expectations but legal penalties hit profit
Meta had to pay US$18 billion to settle cases with nearly all US states. (EPA Images pic) SAN FRANCISCO: Meta beat investor expectations for third-quarter revenue on Wednesday but the social media giant's profits took a hit due to an US$18 billion legal settlement with nearly…
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Timeline
- DetectedFirst detected (Free Malaysia Today) source
Where it started
How it spread
- Step 1News outletsFree Malaysia Today06:05
Internet reaction
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What we know
- Covered by 1 established outlet(s): Free Malaysia Today
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