meta

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Meta's Q2 earnings report shows a net profit decline and increased capital expenditure guidance, causing significant stock price movement amid broader US market concerns.

Meta Platforms reported a 14% year-over-year decrease in net profit for the second quarter and raised its guidance for capital expenditures for the fiscal year, which led to a 7% decline in its stock price after hours. This financial performance contributes to wider volatility in the US stock market alongside other tech giants like Microsoft and Apple.