Meta misses earnings forecasts after Zuckerberg media push to promote AI

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Guardian Business

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Mark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta’s second-quarter earnings, which sent its stock tumbling on Wednesday. In a Wall Street Journal op-ed published on Tuesday, the Meta chief executive expressed his optimism for a world …