Meta shares fall as frustration grows over AI spending plans

Meta shares tumbled 11% after quarterly results showed revenue up but profits down, sparking investor concern.
Mark Zuckerberg says Meta is doubling down on AI — boosting spending, building “personal agents” and planning to sell its AI models and tools to other companies.
The company’s free cash flow hit a multi‑year low while it raised 2024 spending plans to $130–145bn, raising questions about the gamble.