Where Data Tells the Story
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With Meta’s blockbuster earnings out on Wednesday, many investor eyes were fixated on its AI progress and capex spending — especially after the tech behemoth went on a big shopping spree to establish a “superintelligence team” of AI experts.
But the bread and butter of Meta’s business, its Family of Apps (Facebook, Instagram, WhatsApp, Messenger) was still the (un)sung hero of the day, raking in $46.6 billion last quarter and up 21% year on year. That smashed analyst expectations and ended up contributing to some 98% of the tech giant’s revenue.
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