{"id":1006348,"date":"2026-05-01T10:39:11","date_gmt":"2026-05-01T05:09:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1006348"},"modified":"2026-05-01T10:39:11","modified_gmt":"2026-05-01T05:09:11","slug":"meta-shares-slump-10-hit-two-week-low-as-ai-spending-concerns-overshadow-q1-beat","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/01\/meta-shares-slump-10-hit-two-week-low-as-ai-spending-concerns-overshadow-q1-beat\/","title":{"rendered":"Meta shares slump 10%, hit two-week low as AI spending concerns overshadow Q1 beat"},"content":{"rendered":"<p>Meta Platforms&#8217; shares crashed 10.3% in Thursday\u2019s trade, 30 April, to hit a two-week low of $600 apiece, marking the company&#8217;s biggest intraday decline in six months, as investors worried that the company\u2019s rapid spending on artificial intelligence may not generate returns quickly enough, overshadowing an otherwise better-than-expected March quarter performance.<\/p>\n<p>Meta reported first-quarter sales of $56.3 billion, ahead of Wall Street estimates of $55.51 billion, and guided current-quarter revenue in the range of $58 billion to $61 billion, broadly in line with expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta Platforms&#8217; shares crashed 10.3% in Thursday\u2019s trade, 30 April, to hit a two-week low of $600 apiece, marking the company&#8217;s biggest intraday decline in six months, as investors worried that the company\u2019s rapid spending on artificial intelligence may not generate returns quickly enough, overshadowing an otherwise better-than-expected March quarter performance. Meta reported first-quarter sales of $56.3 billion, ahead of Wall Street estimates of $55.51 billion, and guided current-quarter revenue in the range of $58 billion to $61 billion, broadly in line with expectations.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1006348","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1006348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1006348"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1006348\/revisions"}],"predecessor-version":[{"id":1006350,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1006348\/revisions\/1006350"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1006348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1006348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1006348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}