Meta tumbles 11% on weak revenue forecast and Zuckerberg's comments on spending
Publishing timestamp: 2024-04-25 13:18:02
Summary
Meta shares tumbled after weak revenue guidance overshadowed first-quarter earnings beat. CEO Mark Zuckerberg discussed spending in areas like AI and mixed reality that are not currently profitable. Analysts have mixed opinions on the company's future prospects.
Sentiment: NEGATIVE
Tickers: META,
Keywords: earnings, meta platforms inc, artificial intelligence, business news, technology, mark zuckerberg, breaking news: technology, business,
Source: https://www.cnbc.com/2024/04/25/meta-stock-down-15percent-on-weak-revenue-forecast.html