Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash
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Source: New York Post
Published: 2026-04-30 09:27 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Culture & Entertainment, Transport, Technology & AI, Tax & Budget, Media, World News, Business & Economy, Technology
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Snippet:
Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash.
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