Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]
Source: https://news.bitcoin.com/meta-faces-tough-market-response-as-ai-investments-surge-and-metaverse-losses-continue/