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Coverage of ads business in the Nexus archive.

Earliest in view: Jul 29 · 23:52 UTCMost recent: Jul 29 · 23:52 UTC
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  • BUSINESSJul 29 · 23:52 UTCBUSINESS INSIDER
    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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