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Meta Profits Soar But Costs Of AI Cause Worry
The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.
Facebook-owner Meta sees profits soar in first quarter
Facebook-owner Meta has said its quarterly profits soared last quarter as the company continued to see stellar ad growth across its family of world-leading social media apps.
Meta’s stock plunges on ‘aggressive’ AI spending plans
Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in artificial intelligence spooked investors.
Meta's AI plans are costing way more than they thought
Meta's was off by at least $5 billion in capital expenditures and $2 billion in projected total expenses for 2024.
Meta's stock plunges as AI costs pile up
Meta's AI spending spree is starting to give investors an ulcer. Zoom in: The Facebook and Instagram owner's stock plunged more than 10% today after the company warned Wall Street that it could take years for its big bets to pay off.
Meta stock falls on aggressive AI bet
Shares of Meta took a nosedive after the company announced its aggressive AI spending plans. Team Trump Is Ready to Lose the Supreme Court Immunity Case. They're Celebrating The most expensive state to live in isn't California or New York,
Meta Stock Slides as AI Spending Ramps Up: What To Know
However, sentiment toward the Magnificent 7 stock turned negative when Meta provided its outlook on the second quarter and increased its estimated range for capital expenditures. Thill's bullish outlook toward the communication services stock is widely shared across Wall Street.
LIVE
10h
on MSN
Meta earnings results: Shares tumble on weak sales guidance despite earnings beat
Meta's stock sank after hours. Share prices were down 17% after Facebook's parent company issued weak revenue guidance on ...
9h
Meta shares drop 19%, wiping out $200B cap
Meta Platforms Inc. shares (NASDAQ: META) dropped by 19% in extended trading on Wednesday, wiping out more than $200 billion ...
Finbold | Finance in Bold
3d
Here’s why Meta stock could skyrocket this week
With the earnings report this week, and potential TikTok ban, Meta stock looks set for an substantial bump in stock price.
2h
on MSN
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock ...
Fudzilla
15h
Meta’s shares plummet after losing billions on Zuck’s dreams
Wall Street is not amused. Meta’s shares took a 19 per cent dive as CEO Mark Zuckerberg admitted the company’s favoured ...
3h
on MSN
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap said its revenue growth was primarily driven by improvements in the company's advertising platform. Snap reported ...
18d
on MSN
Is Meta Platforms Stock a Buy Now?
But Meta's stock still trades at a compelling valuation, even after it has soared in the past year and a half. The current forward P/E of 26 is a reasonable entry point given the scale and reach of ...
Wall Street Journal on MSN
1d
Meta’s Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta
Platforms
META
-0.52%decrease; red down pointing triangle on Wednesday reported record first-quarter revenue as the ...
2h
on MSN
Google parent Alphabet announces first-ever dividend, shares soar
By Greg Bensinger and Akash Sriram (Reuters) -Alphabet announced its first-ever dividend on Thursday and a $70 billion stock ...
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