Meta chief Zuckerberg asks for patience after AI push irks investors

Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc. revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street. The spending forecast, coupled with slower sales growth than anticipated, sent the shares tumbling as much as 19 per cent in extended trading.

It was a familiar pitch for Zuckerberg, who has said before that the company’s futuristic technological bets will eventually pay off — and that savvy shareholders should stick around.