$Meta Platforms, Inc.(META)$ C-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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CYberviRus
04-25

$Meta Platforms, Inc.(META)$ CEO Mark Zuckerberg, on a post-earnings call that costs would grow "meaningfully" over the coming years before the company makes "much revenue" from some of its AI products and by focusing on its long-term investments in AI and the metaverse. He spent almost the entirety of his opening remarks focused on the many ways Meta loses money.

Meta forecasted its second quarter, April toJune revenue to be below estimates and raised its 2024 total expense forecast by $2 billion.

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