Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

The Key Takeaways From Meta's Earnings and Lackluster Forecast

Ygal Arounian, Wedbush managing director, Internet equity research, reacts to Meta Platforms Inc.'s second-quarter earnings and disappointing earnings forecast on "Bloomberg The Close." (Source: Bloomberg)

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Meta chief executive Mark Zuckerberg’s media spree touting the positive impacts of artificial intelligence did little to cushion the blow of its second-quarter earnings, which sent its stock tumbling on Wednesday. In a Wall Street Journal op-ed published on Tuesday, Zuckerberg expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue readi...

By Johana Bhuiyan

Mark Zuckerberg's 'AI is great, really' PR campaign is in full swing. Here's a better idea.

Meta CEO Mark Zuckerberg wants people to think about AI's upside, and ignore the haters. Bloomberg/Getty Images Mark Zuckerberg is doing a big AI PR push. That includes a new ad, op-eds and interviews for old media outlets, and a Wall Street pep talk. It's unclear if any of that will move the needle. Why not try cold, hard cash? Many Americans are very concerned about AI. Can Mark Zuckerberg change their minds? That is what the Meta CEO is trying to do, via a persuasion campaign: Last week,...

Meta narrows annual capex forecast as AI buildout grows