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Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.
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Meta's plans for AI spending spree send shares lower Financial TimesMeta plunges 16% on weak revenue guidance even as first-quarter results top estimates CNBCMeta stock plummets 10% after second quarter outlook disappoints Yahoo FinanceMeta's Advertising Business Keeps Rolling, But Costs Rise in AI Arms Race The Wall Street JournalInstant Reaction: Meta's Outlook Spooks Investors Bloomberg
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