In another stunning set of drops for Wall Street’s favorite A.I. firms, Facebook parent Meta could lose most of its gains made after Q4 2023’s earnings report. This report was historic since it saw the social media company declare a dividend for the first time and transform itself into a stable source of earnings for shareholders. However, Meta’s stock is now down in the double digits following its latest earnings report as high expenses and a guidance miss played into worries A.I. growth being costly to fund. If these losses hold tomorrow, then it could wipe more than $200 billion […]
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