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We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Bbc-newsMetaLondonValueTech-tantrum00-billion200-billionInvestmentForecastsBritainOwnerMealAt Remote Talent Pipeline. Our process is tailor-made to find exactly the developer you need, with a relevant skill set. We have talent acquisition experts on stand-by so if you can’t find your next hire here today, please let us know and we will be happy to help. We are going to make sure you get the person that is perfect for your project. To learn more about Aws Developer - Talent Pipeline. Visit http://remotetalentpipeline.com
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