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The Nexus
BUSINESSJul 29 · 23:52 UTCBUSINESS INSIDERCharles Rollet ([email protected])

Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns

Meta's stock fell 10% as investors worry about its AI spending, with an analyst comparing its strategy to 'throwing spaghetti at the wall.' The company claims AI investments boost its core business, but 98% of revenue still comes from traditional ads. CEO Mark Zuckerberg emphasized Meta's long-term AI vision, while analysts question the financial sustainability of its current approach.

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