Publishers' ad future looks doomed as Meta soars on AI ads

Record revenue and a well-timed shareholder sweetener helped Meta deliver the best results of all Big Tech in the quarterly reports

Zuck was anointed the Comeback Kid after Meta crushed targets to deliver the largest day of valuation growth in Wall Street history.

The eyebrow-raising result capped a week of insights into Big Tech’s momentum (and lack of it), that provided new signals for news media’s prospects going forward.

Hundreds of billions of dollars changed hands in a few hour…