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Meta's Ads Surge as Google Searches Dip | Markets & Money News
Meta's ad business has recently surged, growing 26% to $63.1 billion, significantly outpacing Google’s 12% growth in its search unit, which brought in $63.4 billion. This shift is attributed to AI enhancements improving Meta's targeting abilities, while Google struggles as users increasingly prefer chatbots over traditional search methods. Consequently, Alphabet's stock fell over 12%, wiping out $500 billion in market cap, while Meta's stock also faced a decline. Both companies are focusing on
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