CNBC·3 min read·medium
Meta's stock drops on earnings miss, light revenue guidance
J
Jonathan Vanian
✦AI Summary
Meta shares fell after the company reported a revenue forecast that missed analyst expectations and revealed a significant decline in free cash flow due to heavy AI infrastructure spending. CEO Mark Zuckerberg emphasized the company's commitment to aggressive AI investment, including new agentic models.
Meta shares slid in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile.
businesstechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in