‘We expect to invest aggressively’: Meta stock tumbles as tax hit and AI spending spree rattle investors
The social media giant has increased its projected capital expenditures yet again as it races to build key infrastructure in the artificial intelligence race.
Shares of Meta Platforms (Nasdaq: META) were down about 9% in premarket trading on Thursday. It follows what can only be described as a mixed bag of a quarter-three earnings report on Wednesday, October 30.
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