Meta loses $200 billion in value in hours after Facebook-owner warns it will invest more than expected in AI


by dailym.ai

dailym.ai— Meta shares crashed in after-hours trading Wednesday after the company warned profits will slip over the summer.

CNBC—Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash. Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

MediaNama—It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call. Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.

NextBigFuture.com—Meta Free AI Models and Integrating AI Ask Meta Query Into Facebook and Instagram. Meta has put Meta AI front and center in the search bars for Facebook and Instagram that have served as key tools to find content from particular friends or creators. This is what the All-in-Podcast guys called scorched Earth for AI. This means almost no one will pay the $20 per month or other subscriptions