Meta’s strong ad sales dampen tariff-induced fears

Quick Summary:

Meta executives said most of the total capital expenditure is going towards supporting the core business, such as supplying the computing power for ads, rather than generative AI development.

Chief executive Mark Zuckerberg previously said it could spend as much as US$65 billion in 2025.“The pace of progress across the industry and the opportunities ahead for us are staggering.

A day earlier, smaller rival Snap held back its second-quarter forecast and said that economic uncertainty and the administration’s ending of a duty-free import loophole were affecting its ad business, causing its shares to crater.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Quarter Billion Economic Revenue Meta Data Meta’s April Shares Cent Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 11:35:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 823 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28308367

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