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.

Source: [Variety](https://variety.com/2026/digital/news/meta-q2-2026-earnings-results-legal-proceedings-charge-1236823577/)

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