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Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion

World 1 source 1 country 🔦 Under-reported 10h ago

Meta continues to post soaring revenue, but the Mark Zuckerberg-led company took a big hit in the second quarter of 2026 related to legal proceedings and layoffs. The company, the parent of Facebook and Instagram, said it took $2.4 billion in charges “related to legal proceedings” in Q2; it didn’t immediately respond to an inquiry […]

Summary from source
Read the full story at the source Variety · US
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