Meta Shares Slide After Revenue Forecast Disappoints

Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc. revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street. The spending forecast, coupled with slower sales growth than anticipated, sent the shares tumbling as much as 19% in extended trading.