Meta disappoints investors with slightly weaker-than-expected revenue guidance and plans to spend even more on its artificial-intelligence efforts.

Meta's License to Spend on AI Gets Checked

05:00am, Thursday, 25'th Apr 2024
The Facebook parent's capital expenditures this year will rival outlays from Google and Microsoft, but advertising growth is slowing.

This could be the worst-timed insider trade ever

04:56am, Thursday, 25'th Apr 2024
Investors are accustomed to seeing insiders make profitable trades, especially among US politicians. However, there are times when these insiders make mistakes and lose a significant portion of their

Meta profits soar but costs of AI cause worry

04:00am, Thursday, 25'th Apr 2024
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.

Why Are Shares of Meta Crashing After Earnings?

04:00am, Thursday, 25'th Apr 2024
Meta stock is down after the company reported Q1 earnings. Is the stock a buy right now?
Meta Platforms shares plunged 16% early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors.
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After Meta Platforms (META) provided weak revenue guidance and announced plans to increase spending—news that sent the company's shares sharply lower despite better-than-expected quarterly results�
Mark Zuckerberg has recently become "more ambitious" about Meta's ability to win in AI. He now plans to spend around $40 billion this year, largely on AI investments.
Meta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it's too early to discu
While the top- and bottom-line numbers for Meta Platforms (META) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics co
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.
Meta Platforms (META) came out with quarterly earnings of $4.71 per share, beating the Zacks Consensus Estimate of $4.32 per share. This compares to earnings of $2.64 per share a year ago.
While Chipotle and Ford gained on after-market beats, Meta and ServiceNow are selling off.

Meta Says It Plans to Spend Billions More on A.I.

06:31pm, Wednesday, 24'th Apr 2024
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.
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