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Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend

Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet's shares up, while Meta's stock slid.

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cnbc.comStai leggendo3 mesi fa

Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet's shares up, while Meta's stock slid.

Alphabet’s shares rose sharply, while Meta’s lost almost a tenth of their value following release of financial results this week