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Meta Projects Higher Spending Raising Investor Concerns
Posted
April 24, 2024
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2:47Now PlayingMeta 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 technological bets will eventually pay off for investors. Earnings for 1Q beat estimates. The stock dropped sharply after the close. Bloomberg's Ed Ludlow reports.
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