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Meta Stock Plunges Amid AI Spending Plan

  • #Marketing & sales
  • #Artificial Intelligence
  • #Finance
Meta Stock Plunges Amid AI Spending Plan
story
APR 2024
Image copyright: Chesnot/Contributor/Getty Images News via Getty Images
story last updated APR 2024

The Spin

Narrative A

Overall, Meta stock has surged this year. There may be some volatility caused by Wednesday's update, but that's the cost of doing business. With ad sales expected to continue growing and Zuckerberg still at the helm, Meta has a bright future.

Investor's Business Daily

Narrative B

Zuckerberg and Meta's responsibility is to the shareholders, who aren't totally trustful of the near future and investment in AI. The company's lower-than-expected revenue and its announced increased spending on AI have Meta on shaky ground that may require a course correction.

New York Times

Metaculus Prediction


Public Figures

Mark Zuckerberg


Go Deeper

Artificial Intelligence
Context
+4
MAR 2023MAR 2023

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