Meta Shares in Freefall Amid Spending Concerns

3 months ago

Norah Melinda

"We're seeing shares of Meta down as much as 14%. This is the worst day that we're seeing here for the company in over a year. And this is really investors being spooked by spending here. So, we're hearing a lot of heavy spending from a lot of these AI giants here. But, it's really about whether or not they're able to back up everything that they're putting down and pouring their money into. And it seems as though Wall Street is really closely scrutinizing Meta here in particular."

Meta is under intense scrutiny as shares plunge 14% on heavy spending concerns and an impending $25 billion bond sale, marking its worst day in over a year.

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