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Meta's revenue increase, Brussels raid Chinese company, Boeing's slow 737 Max production. US sends weapon shipments to Ukraine with $95bn aid bill. Biden assures quick delivery. FT News Briefing covers latest business news.
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- Meta's revenue growth but increased spending forecast led to a share drop, highlighting the AI investment dilemma.
- EU raids on Nuketech show tougher stance on unfair trade, escalating tensions with China.
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Metas Financial Forecast Leads to Share Price Drop
Metas' first-quarter revenue exceeded expectations, but the forecast of increased spending caused a significant drop in its shares. The funding will be directed towards reinforcing infrastructure for artificial intelligence ventures. This places CEO Mark Zuckerberg in a challenging position of balancing investor satisfaction with AI advancements.
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