Meta Stock Analyst Sees Big Spending By Temu And Shein As Durable
Meta stock investors have been worrying about an ad-buying slowdown from China e-commerce retailers. But one analyst is bullish.
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Meta stock investors have been worrying about an ad-buying slowdown from China e-commerce retailers. But one analyst is bullish.
SNAP earnings call for the period ending March 31, 2024.
The premarket drop was set to erase more than $180-billion from Meta’s market value and triggered a drop of 2% to 5% in shares of AI-focused firms Microsoft, Alphabet and Snap
Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.
Shares of Meta sank nearly 15 per cent early Thursday, sparking a selloff in big tech stocks, after it revealed big spending plans for AI.