Meta drops 15% due to weak outlook and high AI and metaverse spending

Meta actions dived After A disappointing T2 income outlook And plans has spend almost $100 billion This year as he goals has "invest aggressively » In It is AI products.
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Meta (META) actions abandoned 15% In after hours trade After THE farm said he will “aggressively” ramp up expenses In artificial intelligence expenses while It is metaverse division will continue has run has A loss — in the middle of A weak income perspectives.

THE giant said In It is April 24 First of all quarter 2024 results he expected expenses has increase has A range between $96 billion has $99 billion — up Since $94 billion has $99 billion due has "upper Infrastructure And legal costs. »

He Also bumped into full year 2024 capital expenses has A high END of $40 billion Since It is Before $37 billion as he would be "invest aggressively has support OUR ambitious AI research And product development....

Crypto Apr 25, 2024 0 11 Add to Reading List

Meta drops 15% due to weak outlook and high AI and metaverse spending

Meta actions dived After A disappointing T2 income outlook And plans has spend almost $100 billion This year as he goals has "invest aggressively » In It is AI products.

Meta drops 15% due to weak outlook and high spending on AI and metaverse

News

Own This piece of crypto history

Collect This article as NFT Join We on social networks

Meta (META) actions abandoned 15% In after hours trade After THE farm said he will “aggressively” ramp up expenses In artificial intelligence expenses while It is metaverse division will continue has run has A loss — in the middle of A weak income perspectives.

THE giant said In It is April 24 First of all quarter 2024 results he expected expenses has increase has A range between $96 billion has $99 billion — up Since $94 billion has $99 billion due has "upper Infrastructure And legal costs. »

He Also bumped into full year 2024 capital expenses has A high END of $40 billion Since It is Before $37 billion as he would be "invest aggressively has support OUR ambitious AI research And product development....