Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast By Reuters

LONDON (Reuters) - Meta Platforms (NASDAQ:) shares plunged 16% early in Frankfurt on metatrader4 mobile appThursday after forecasts of higher expenses and lighter revenue than expected disappointed investors.

Shares in the Facebook parent were down 15.9% by 0614 GMT. Meta shares dropped sharply in after-hours trading on Wall Street the previous day after the company's first-quarter earnings report raised fears that the surging cost of AI is outweighing its benefits.

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