Why Meta Shares Dropped 13% Despite 27% Increase In Revenue

$Meta Platforms(META.US)$, the social media and technology powerhouse, sent shockwaves through the market with its first-quarter financial results. Investors wasted no time in selling off shares, causing Meta Platforms stock to plummet and wiping out billions of dollars in company value. The reason for the panic? Meta's unexpected announcement of a more aggressive approach to investing in artificial intelligence (AI).