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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-billionInvestmentForecastsBritainOwnerMealSerious policy effort on opportunity in america. she s mobilized some of the biggest businesses to their commitment to training and skills. she is also pushed for legislation to reform higher education. of course all that the superficial establish media wants to talk about security clearance or whatever. i sat down with her last monday to talk about jobs. take a look. so your father, when he was running for president, he said i m going to be the greatest jobs president anyone has ever seen. if you look at the facts, we keep being told facts matter. if you look at the facts of the jobs picture in america, it s positive, record low unemployment, more openings than people available to fill them with the rights skills, et cetera. it s great picture. the work that you re doing with the workforce development initiative and other aspects of that, that s actually about the future. can you explain why that s a problem, why can t we just
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