Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast
) shares plunged 16% early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors.
Shares in the Facebook parent were down 15.9% by 0614 GMT. Meta shares dropped sharply in after-hours trading on Wall Street the previous day after the company's first-quarter earnings report raised fears that the surging cost of AI is outweighing its benefits.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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