Meta misses earnings forecasts after Zuckerberg media push to promote AI
- Meta shares fell nearly 8% on weaker-than-expected quarterly earnings.
- Zuckerberg's pre-earnings AI PR push failed to reassure investors.
- Meta raised 2026 capital spending forecast to $130bn–$145bn.
Meta's share price fell almost 8% after the company reported weaker-than-expected second-quarter earnings, despite a media blitz by chief executive Mark Zuckerberg in the days beforehand promoting the benefits of artificial intelligence. The disappointing results undercut Zuckerberg's efforts to reassure investors and the public that Meta's enormous AI…