Meta’s Zuckerberg can’t calm Wall Street’s nerves on AI spending, stock falls 10%
Meta stock (META) fell more than 10% on Thursday after CEO Mark Zuckerberg revealed that the social media company is pouring more cash into its AI efforts, spooking investors. The CEO, however, tried to assuage investor concerns about the company’s spending during Wednesday’s earnings call, noting that Meta has made similar moves when transitioning to …