Meta plunges 25% as Zuckerberg seeks ‘patience’ on strategy
Meta plunges 25% as Zuckerberg seeks ‘patience’ on strategy
By Alex Barinka | Bloomberg
Meta Platforms Inc. plunged as much as 25% Thursday morning after Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challenging time for digital-advertising companies.
On a call Wednesday after giving a disappointing revenue outlook, Zuckerberg sought to justify Meta’s…
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