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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Collect This article as NFT Join We on social networksMeta (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....
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.
NewsOwn This piece of crypto history
Collect This article as NFT Join We on social networksMeta (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....
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