, Columnist
Meta Results Are Best Viewed Through Rose-Colored AI Glasses
Investors are unhappy about profligate spending on artificial intelligence, but Mark Zuckerberg’s big bets have paid off before.
Ray-Ban smart glasses were sold out in many places, Mark Zuckerberg said.
Photographer: David Paul Morris/Bloomberg
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Meta Platforms Inc. investors must ask themselves one thing about Mark Zuckerberg: Do they trust him?
Expectations were high for the first quarter after the wild success of the fourth last year, which spurred the biggest value gain in the history of the US stock market. Those hopes were dashed by the results on Wednesday, with shares sliding by as much as 19% in after-hours trading.