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

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Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.

Source: Cointelegraph.com News

#Meta, #Q1Earnings, #Q12024, #Ai, #Metaverse, #RealityLabs, #ArtificialIntelligence, #MetaShares, #StockPrice

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