Meta Earnings: Analyst Says It’s ‘Throwing Spaghetti’ With AI Strategy
Meta’s AI strategy is, once again, worrying investors. The social media giant’s stock tumbled 10% on Wednesday after it disclosed that its capital expenditure growth far outpaced revenue growth. Meta has a core problem: much of this spending doesn’t yet have a financial return. About 98% of Meta’s revenue still comes from its traditional ads […]