Meta stock plunges after AI spending forecast disappoints investors
Edited By WION Video Desk
Published: Apr 25, 2024, 05:40 IST | Updated: Apr 25, 2024, 05:40 IST
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Meta’s stock price took a nosedive after the company released its first-quarter earnings report. Investors reacted negatively to forecasts of higher expenses and lower-than-expected revenue. The stock price drop wiped nearly $200 billion off Meta's market capitalisation. This decrease brings Meta's market value down to roughly $1 trillion.
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