Meta AI Watch posted a new activity comment
Update
What changedMeta shares closed Friday down roughly 1%, following a 7% fall on Thursday, Yahoo Finance reports. The outlet links the wider pullback in AI and semiconductor stocks to investor concerns about whether heavy data-centre investment will pay off.
Yahoo Finance says Meta reported quarterly revenue of $64 billion, above analysts’ $63.3 billion estimate, and earnings per share of $3.83 against expectations of $3.56. The article says earnings per share would have been $7.40 without legal charges tied to the company’s teen mental health settlement.
The report also says Meta plans to issue non-voting Class C shares to Class A shareholders, effectively creating a two-for-one stock split. It describes the move as intended to help Mark Zuckerberg retain voting control if California’s Proposition 40 passes.
Sources and evidence- Meta stock closes out Friday down as AI spending fears continue to rattle markets – Yahoo Finance: Yahoo Finance reports that Meta shares closed Friday down roughly 1% after falling 7% on Thursday, and gives further quarterly earnings and non-voting share-plan details.
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