Meta Stock Slides Despite Q1 Earnings Beat. AI Costs Rising As Guidance Disappoints
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Meta stock sank late Wednesday as the Facebook parent company's first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms (META) executives gave a lighter-than-expected sales forecast for the current quarter.
Meanwhile, Meta's push to be a leader in generative…
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