Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
- Meta projected lower second-quarter revenue expectations, leading to a drop in shares by about 10% in extended trade.
- Zuckerberg assured investors of potential rewards if they stay invested despite the stock plunge.
- Meta plans to increase capital expenditures to $35-40 billion for 2024 to support AI investments for future profitability.
Insights by Ground AI
Does this summary seem wrong?
0 Articles
0 Articles
All
Left
Center
Right
Coverage Details
Total News Sources0
Leaning Left0Leaning Right3Center3Last Updated10 days agoBias Distribution50% Center, 50% Right