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META - Meta Platforms Stock: Don't Count On A New High Anytime Soon
Meta Platforms Inc
2024-05-04 09:45:03 ET
Summary
We recap Meta Platforms' Q1 Earnings.
The stock is down about 15% from its recent high amid skepticism towards the company's plan to accelerate AI spending.
We expect shares to remain volatile around the current level.
Meta Platforms Inc ( META ) Q1 earnings beat expectations highlighted by impressive growth across its app ecosystem. The social media giant has benefited from not only a strong macro backdrop but also steps to improve financial efficiency as a profitability driver....