Tech Brew Ride Home · Thursday, July 30, 2026
Meta's stock dropped nearly 10% following a disappointing quarterly revenue forecast, intensifying investor scrutiny over its substantial AI investments. CEO Mark Zuckerberg acknowledged the significant investment but expressed confidence in the technology's trajectory and upcoming products, teasing a potential cloud computing business.
“Meta Platforms gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn't swiftly benefiting from its massive outlay on artificial intelligence.”
“I get that this is a big investment and it's a big bet, Zuckerberg said. We see that technology working. We're happy with the trajectory of the lab.”
“My personal bet is that the people who invest in this are going to be rewarded and feel very good over time, he said.”