May 20, 2024
Investment

Mark Zuckerberg warns of stock volatility as Meta bets billions more on AI investment ‘before we make much revenue’

Brace for turbulence, and have patience. That was Mark Zuckerberg’s message to Meta shareholders on Wednesday as he explained his decision to plow tens of billions of dollars into a multi-year AI spending spree that will precede any meaningful payoff.  The cofounder and CEO of Meta, which owns Instagram, Facebook, and WhatsApp, said that he’d

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