Meta Beat Expectations. Now It Must Prove Its Massive AI Spending Isn't Another Metaverse

MENLO PARK, CALIFORNIA - OCTOBER 28: Facebook employees gather in front of a sign displaying a new logo and the name 'Meta' in front of Facebook headquarters on October 28, 2021 in Menlo Park, California. A new name and logo were unveiled at Facebook headquarters after a much anticipated name change for the social media platform. (Photo by Justin Sullivan/Getty Images)Getty ImagesMeta stock has declined 1% in the last year, according to CNBC, with a 10% pop in pre-market trading after a fourth quarter earni ...