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

by Aurelia Butler 24 April 2024, 23:40 111 Views

The giant said in its April 24 first quarter 2024 results it expected expenses to rise to a range between $96 billion to $99 billion — up from $94 billion to $99 billion due to “higher infrastructure and legal costs.”

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Source: Cryptocurrency - investing.com

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

UK veterinary deal with EU could boost agrifood exports by 22%, study finds

TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel

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