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Meta and Netflix face shifting growth drivers in tech sector
Meta Platforms is transitioning from a primarily advertising-based company into an ambitious artificial intelligence platform. While its advertising revenue continues to fund its massive investments in AI, the costs associated with this technological push are becoming increasingly significant.
Similarly, Netflix is searching for new growth engines as its traditional drivers begin to lose momentum. Third-quarter results indicate that current advertising and content strategies are facing challenges, prompting the streaming giant to seek alternative ways to sustain its market dominance.