Meta's Bet on AI: A Gamble That May Not Pay Off Meta Platforms' recent earnings report sent shockwaves through the investor community, despite a 28% increase in sales to $60. 8 billion.
The stock plummeted by about 9% on July 30, with investors reacting to Mark Zuckerberg's aggressive push into artificial intelligence.
The company's numbers seem impressive at first glance: advertising revenue grew by 27%, and the average amount charged per ad rose substantially.