Meta Shares Jump Over 6% as Zuckerberg Signals 30% Cut to Metaverse Spending
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
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Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
Michael Burry warns Oracle and Meta could overstate profits by up to 27% through extended depreciation timelines on AI infrastructure.
Meta shares fell nearly 10% after a $15.9B expense hit Q3 profit, overshadowing strong revenue and guidance for the next quarter.