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April 25, 2024 7:04 PM

Meta sparks tech selloff as AI splurge spooks Wall Street

Shares of Meta Platforms META sank nearly 15% on Thursday, sparking a selloff in big tech stocks after the social media giant signaled its costly bet on AI would take years to pay off.   The premarket drop was set to erase more than $180 billion...

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Last updated on: 23rd December 2024