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@Techmeme@techhub.social
2026-07-29 20:28:35

Meta reports $2.4B in charges related to legal proceedings in Q2 and $1.18B in severance expenses in connection with the May 2026 layoff of about 8,000 staff (Todd Spangler/Variety)
variety.com/2026/digital/news/

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