Meta Platforms Bought Some Time With Long-Term AI Potential
Fri, Apr 26, 2024 7:39 PM

Meta Platforms Bought Some Time With Long-Term AI Potential

A Flip by Avya Verma
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On Wednesday, Meta Platforms Inc META topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled. Like Apple Inc AAPL, Meta didn’t talk much about AI, until now.

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