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News 2026-07-30 12:08 UTC

Why Is Meta Platforms Stock Sinking Thursday?

Meta Platforms, Inc. (NASDAQ: META ) stock fell nearly 10% in Thursday’s premarket session as investors weighed a second-quarter earnings miss and sharply higher AI spending plans. Meta reported second-quarter revenue of $60.8 billion, topping the analyst consensus estimate of $59.5 billion. However, adjusted earnings