Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.
Post from: Cointelegraph.com News
Tags: meta, q1 earnings, q1 2024, ai, metaverse, reality labs, artificial intelligence, meta shares, stock price