Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users
Despite strong first-quarter results, Meta’s stock price plunged nearly 9% on Thursday, in part due to a 20 million drop in users and a surge in artificial intelligence spending, even as the company continues to pour billions into its Metaverse and virtual reality unit Reality Labs. The company reported first-quarter results Wednesday afternoon, with net…