Meta Gives Lackluster Quarterly Sales Forecast
Meta Platforms Inc. gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s spending on artificial intelligence. Bloomberg News Big Tech Team Leader Kurt Wagner says as long as Meta is making money and the core business is going, they can get away with aggressive AI spending on data centers. He argues, however, that the minute worry sets in of a potential slowdown on its core advertising business investors start to question if the company should be spending so much on infrastructure. Plus, a viewer question on Meta's capex spending. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio (Source: Bloomberg)
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