Meta shares rise in Frankfurt after results, capital plans
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Jan 29 (Reuters) - Metashares rose almost 7% in early Frankfurt trading on Thursday, after several brokers raised their target prices following results in which the Instagram owner forecast first-quarter revenue above Wall Street expectations.Meta on Wednesday boosted its capital spending plans for this year by 73% in the pursuit of “superintelligence,” an effort to offer deeply personalized artificial intelligence to its large social media user base.
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