Exploring investor disappointment over a tech company's sinking stock post-market due to revenue forecasts and increased AI spending, emphasizing factors driving sentiment and historical performance in the tech sector.
Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic tech bets will pay off for investors.
Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News contributor Jon Erlichman and Bloomberg Intelligence senior analyst Mandeep Singh for instant analysis and reaction.
See omnystudio.com/listener for privacy information.