Meta Inc. ( META ) faced a significant downturn on Thursday, marked by an 11% tumble in shares following the company's issuance of a weak revenue forecast, casting a shadow over its first-quarter earnings beat. Despite reporting earnings per share of $4.71 on revenue of $36.46 billion, surpassing analyst expectations, Meta's stock plummeted, erasing approximately $141 billion in market capitalization. The sell-off intensified during extended trading after CEO Mark Zuckerberg discussed substantial spending in areas such as artificial intelligence and mixed reality, which currently lack profitability. 👉 Check Out Video --> META Price Analysis The AI Investment Gambit: Balancing Innovation and Profitability Zuckerberg's announcement marks a shift away from the "year of efficiency" approach, reigniting concerns among investors reminiscent of the stock's downturn in 2021 and 2022 due to aggressive spending. Meta's decision to raise its FY24 capex guidance