Meta raised its annual fee guidelines to US$165 billion to US$169 billion, and its capital expenditure guidelines to US$130 billion to US$145 billion. The lower limit of both guidelines rose; the second quarter included US$1.18 billion in severance payments due to layoffs in May; the performance outlook included US$2.4 billion in legal-related expenses; and the average daily active users in June was 3.6 billion.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.