Economy

Mark Zuckerberg’s Meta Stock Tumbles After Earnings Call Focuses on Costly AI, Metaverse Investments

Mark Zuckerberg’s Meta suffered a significant hit to its stock price in extended trading on Wednesday, despite better-than-expected profit and revenue for the first quarter, as Zuckerberg focused on the company’s long-term investments in AI and the metaverse during the earnings call. The stock is now down more than 15.7 percent in Thursday pre-market trading.

Mark Zuckerberg deep in thought (Drew Angerer /Getty)