Meta Initiatives Elevated Spending Raising Investor Issues

Meta Initiatives Elevated Spending Raising Investor Issues

Meta Platforms Inc. elevated its spending estimates for the twelve months and projected 2nd quarter sales that were under Wall Street’s expectations, as soon as extra elevating questions about whether its futuristic technological bets will at final repay for investors. Earnings for 1Q beat estimates. The stock dropped sharply after the shut. Bloomberg’s Ed Ludlow experiences.
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