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TECH Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

Zuckerberg said he expects to see a "multiyear investment cycle" before Meta's AI products will scale into profitable services, but noted that the company has a "strong track record" in that department. Meta finance chief Susan Li echoed Zuckerberg's remarks, saying the company needs to develop advanced models and scale products before they will drive meaningful revenue. Meta CEO Mark Zuckerberg unnerved investors on the company's quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse.

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