Artificial intelligence is helping Meta top its rivals in targeting customers on its various online platforms, improving ad effectiveness.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribefollowing overnight Wall Street losses. Japanese and South Korean benchmark indexes led losses in the region, while Australia shares touched a low not seen in over a year. This was after theDow Jones Industrial Average. Net income reached $1.70 billion, or $1.
The divergence could get even starker. Meta said it expects revenue of $36.5 billion to $40 billion for the fourth quarter. At the midpoint of this range, growth in the quarter will be about 19% higher from a year earlier.that has helped it better target promotions on its online platforms. Consequently, the company is making the quickest progress following Apple's iOS privacy changes in 2021, which made it hard for app developers to target users.
That same unpredictability has also contributed to whipsawing Treasury yields, which is curbing market gains from earnings beats.
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