The Economic Times

Meta Platforms stock today crashes 10%, wiping out $170 billion market cap - why AI spending fears is overshadowing strong earnings

Meta stock crash after earnings: Meta Platforms shares plummeted over 10%, erasing $170 billion in value despite better-than-expected Q1 earnings. Investors reacted negatively to the company's significantly increased AI spending forecast for 2026, raising concerns about future profitability. While user growth and advertising showed strength, future investment plans overshadowed past performance.