Why Shares of Meta Are Sinking After Earnings Report

Angelo Zino, CFRA Research senior equity analyst, reacts to Meta Platforms’ first-quarter earnings report on Bloomberg Television. The Facebook parent reported revenue of $36.5 billion in the first quarter, an increase of more than 27% over the same period a year ago.

For more on this story, please see: https://www.bloomberg.com/news/articles/2024-04-24/meta-projects-higher-spending-weaker-revenue-amid-ai-push
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