Meta Shares Dip On Massive AI Spending; Q1 Daily Active Users Soften On Internet Disruptions In Iran

Instagram and Facebook parent Meta beat on the top and bottom lines last quarter but the stock dipped more than 5% in late trading Wednesday on market jitters over expanding capex, which the company anticipates in the $125 billion-$145 billion range this year. That’s up from its previous guidance of $115 billion-$135 billion and includes […]