Meta’s Stock Plummets 19%, wiping $200bn off market cap as Zuckerberg Pushes AI and Metaverse Vision
Meta Platforms Inc., under the leadership of CEO Mark Zuckerberg, faced a turbulent earnings call as investors responded with skepticism to the company’s focus on artificial intelligence (AI) and the metaverse. Despite the social media conglomerate reporting stronger-than-anticipated profit and revenue for the first quarter, shareholders expressed disappointment, causing Meta’s shares to nosedive by as much as 19% in … Continue reading Meta’s Stock Plummets 19%, wiping $200bn off market cap as Zuckerberg Pushes AI and Metaverse Vision
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