🚀 Business & Startups🌐 Global
Meta Shares Tumble After Weak Revenue Forecast, Zuckerberg Defends AI Spending
mint - companies·Friday, 31 July 2026
Meta gave a disappointing quarterly revenue forecast, sending its shares down sharply. CEO Mark Zuckerberg defended the company's massive AI spending to sceptical investors, saying 'this is going to be a big thing.' Investors are frustrated that the heavy AI outlay has not yet translated into fast revenue growth.
Why It Matters
Meta owns WhatsApp, Instagram, and Facebook — platforms used by hundreds of millions of Indians. Its financial direction shapes what features get built and how aggressively it competes in the region.
🔒 Potential Impact + source link
Subscribe to unlock the impact analysis and original source for every story.