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Meta shares tumble as weak revenue guidance overshadows AI boom

Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. But its share price slumped 10% as the company reported earnings Wednesday due to a weak sales forecast rattling investors.Revenue at the world’s largest social media business increased to 36.46bnduringthefirstquarterincontrasttoanalystexpectationsof36.46bn during the first quarter in contrast to analyst expectations of 36.16bn. Earnings per share rose to 4.71,surpassingexpectationsonWallStreetof4.71, surpassing expectations on Wall Street of 4.32.The number that spooked ...