Meta Slumps on AI Spending, Echoing 2022 Metaverse Rout
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that crippled the stock just a few...
By Ryan Vlastelica · Bloomberg Markets
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that crippled the stock just a few years ago.