Meta shares tumble as weak revenue guidance overshadows AI boom
Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. But its share price slumped 10% as the company reported earnings Wednesday due to a weak sales forecast rattling investors.Revenue at the world’s largest social media business increased to $36.46bn during the first quarter in contrast to analyst expectations of $36.16bn. Earnings per share rose to $4.71, surpassing expectations on Wall Street of $4.32.The number that spooked ...