LONDON : Meta Platforms shares plunged 16 per cent early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors.
Shares in the Facebook parent were down 15.9 per cent by 0614 GMT. Meta shares dropped sharply in after-hours trading on Wall Street the previous day after the company’s first-quarter earnings report raised fears that the surging cost of AI is outweighing its benefits.
