According to the latest information, the shares of Meta company have entered a major decline in recent days. The reason for this situation is the unfortunate statements made by company CEO Mark Zuckerberg last week. In this statement, Zuckerberg stated that although they earned a good income, it was a long time before they could really make a profit in the field of artificial intelligence. These words, which astonished investors, had a very negative impact on the market value of the company. Here are the most important details about the subject…
Commodity stocks enter a downtrend
Meta, which is said to have increased its total revenue by 27% compared to the same period last year, is eagerly awaiting its future innovations, especially in the field of artificial intelligence. However, Zuckerberg’s latest statement has visibly shaken the trust in the company in this area. It is wondered how Meta, which is rumored to have an artificial intelligence infrastructure in many different countries and will even produce its own chips, will reverse this decline in share value.
It is estimated that the company, which has given a significant intimidation to its competitors such as Google and Microsoft with its highly anticipated new generation artificial intelligence model Llama 3, will invest billions of dollars in this field in the coming years. It is also claimed that Zuckerberg will make another statement to correct the misperception of investors. We hope that all these developments will benefit users at the end of the day.
Meta published its financial report for the first quarter of 2024. Thus, it became clear how much money the company earned.
So what do you think about this issue? Do you think Meta will be able to achieve good sales success with its new artificial intelligence software? Which Meta applications have you used so far? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
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