Meta shares drop after warning of weak revenue growth, higher AI expenses
Related Articles
-
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecastMeta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 15% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.Mark Zuckerberg said his...
-
Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending
Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.
-
Tesla sees biggest revenue drop since 2012 but company shares still surge
Shares are up despite a revenue decline of 9% after company said it expects to release new vehicle models sooner than expected.