Meta drops 10% as heightened AI spending overshadows strong results
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Meta Platforms‘ stock dropped more than 10% on Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social … Read more
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