Meta's AI spending spree is Wall Street's focus in second-quarter earnings
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meanwhile, revenue growth in the second quarter likely slowed to 15%, down from 22% a year earlier, according to LSEG. It would be the slowest rate of expansion for the company since early 2023, and analysts are expecting lower levels of growth in the coming quarters. When Meta reports second-quarter earnings on Wednesday, Zuckerberg will make the case to investors for his AI hiring ...