Meta Shares Drop 9% on Q2 Profit Miss, Rising Costs

Meta's stock fell over 9% after its Q2 earnings report showed profitability concerns and rising expenses, despite revenue of $60.8 billion slightly beating the $60.24 billion estimate. Investors reacted negatively to the cost increases and margin pressures highlighted in the results.

Detected & updated continuously · Source: Nebula

Track sentiment & mindshare for every token in this story.

Open Nebula