Meta's stock sags under the weight of aggressive AI spending
fortune.com/2024/04/24/metas-stock-sags-under-aggressive-ai-spending
Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.
The Facebook parent reported revenue of $36.5 billion in the first quarter, an increase of more than 27% over the…
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