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Meta stock sinks after raising full-year forecast on AI spend [Yahoo! Finance]
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investor.wdc.com
Morning Brief Host Julie Hyman and Yahoo Finance Head of News Myles Udland dive into Meta's first quarter earnings results and what to make of the Facebook parent company's continued investments into artificial intelligence. Video Transcript Speaker B What was your immediate reaction and then now that you've had time to think about it, what was your reaction? Speaker A Okay, well, the obvious thing last night that hurt the stock was the company raising their CapX forecast while also, and this I think took a minute to kind of move through, while also pointing to a quarter over quarter decline in their total daily active people, the number as they call it. Now, that was attributed to um, a WhatsApp crackdown in Russia and some internet outages in Iran, but at 3.56 billion daily active people, Speaker A I mean, it does kind of get to the point of like, there are tams and then there's like, maybe this is the whole tam, right? If you back out China, you're what two-thirds, 7
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