BUSINESSNY POST
Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street
Meta shares fell 10% as Mark Zuckerberg's AI spending alarmed Wall Street. The company has 32 data centers globally, with 28 located in the US.
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- Meta shares drop as Q2 profit declines due to legal expenses and severance costs
- Meta shares drop as Q2 profit declines due to legal expenses and severance costs
- Meta's stock sinks on report company could raise tens of billions of dollars to fund AI push
- Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns
- Meta shares jump 10% after reports company is selling excess AI computing power