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Meta cuts FY23 total expenses view to $89B-$95B from $94B-$100B
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Meta cuts FY23 total expenses view to $89B-$95B from $94B-$100B

Cuts FY23 CapEx view to $30B-$33B from $34B-$37B. Says finance and tech ad demand remains weak. Says investing "heavily" in AI. Says "actively" re-evaluating projects.

Published first on TheFly

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