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Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend

Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet's shares up, while Meta's stock slid.

This article was originally published by CNBC Top News and is republished here under license.

Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet’s shares up, while Meta’s stock slid.

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