Meta Faces $2.4B Legal Charges and 8,000 Layoffs as Margins Fall
Alphabet trades at a cheaper P/E than Meta while Meta faces $2.4 billion in legal charges and about $1.18 billion in severance tied to roughly 8,000 layoffs. Those costs cut Meta’s operating margin from 43% to 31% and end a six-quarter EPS beat streak, even as Alphabet reports strong Google Cloud growth driven by AI demand.