DIGIVESTASI - Meta CEO Mark Zuckerberg has laid out his ambitions for artificial intelligence (AI) technology and the Metaverse to investors.

 
In his presentation, Zuckerberg outlined the huge investments made in this endeavor. This has led investors to worry that Meta's "enthusiasm" could lead to losses.  Meta's share price fell 19% after the company announced its financial results on Wednesday (24/4) local time.

CNBC International reported on Thursday (25 April 2024) that Facebook's market capitalization fell by $200 billion or the equivalent of Rp3,235 trillion. The decline in share price occurred even though Meta reported first quarter 2024 (Q1) earnings exceeding market expectations. 

Zuckerberg said it is normal for Meta's share price to drop whenever they plan new initiatives that have yet to see results. "We often experience share price shocks during the investment phase of new products that have yet to be monetized," Zuckerberg said. 

This refers to the period when the company was developing Reels and Stories and moving into mobile apps. 
Meta derives 98% of its revenue from digital advertising. But Zuckerberg did not elaborate further on the future of advertising. 

Instead, he focused the discussion on Meta's future as a company that dominates AI development.

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