Meta Falls 15% on Weak Outlook and High AI, Metaverse Spending
Meta (META) shares dip 15% in after-hours trading as plans to boost AI spending and sustained metaverse losses coincide with a dim revenue outlook. In after-hours trading, Meta (META) shares fell 15% following the company’s announcement that it will “substantially” increase expenditure on artificial intelligence. At the same time, its metaverse division will continue to […]