Meta takes $16B hit to earnings from Trump’s Big Beautiful Bill, warns of higher AI costs
NegativeU.S News

Meta is facing a significant $16 billion hit to its earnings due to Trump's new legislation, which raises concerns about the company's financial health. This news is crucial as it highlights the potential impact of political decisions on major corporations and signals that Meta's capital expenditures are expected to increase substantially next year, indicating a shift in their financial strategy amidst rising AI costs.
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