Meta plunges nearly 15% after Mark Zuckerberg's firm forecasts higher expenses from ‘aggressively' investing in AI

Meta plunged nearly 15% Thursday after the Facebook-parent forecast higher expenses over its plans to “invest aggressively” in artificial intelligence.The Mark Zuckerberg-led tech giant’s stock was down 13.5%, at $427 at 11:30 am ET — threatening to wipe roughly $200 billion in market cap.Zuckerberg’s net worth also took a massive hit, wiping out about $730 million and dropping him below archrival Elon Musk on the Bloomberg Billionaire Index.The 39-year-old boss — who received a mere $1 salary from Meta in ...