Meta’s earnings stir investor sentiment
Meta, the parent company of Facebook and Instagram, recently reported its earnings, causing a significant stir in the investment community. Despite beating earnings and revenue expectations, with a 27% increase from a year ago, the company’s stock plummeted by 15% within minutes. This sudden drop resulted in a staggering $200 billion loss in company value, equivalent to the entire worth of McDonald’s. Revenue growth and AI investmentMeta’s primary revenue growth source was its traditional stronghold: ad sales from Instagram and Facebook. However, the area where the company is not making money ...