Meta shares plummet near 10% after earnings, Google skyrockets

Meta shares tumbled nearly 10% at the opening on Wall Street, while Google-parent Alphabet surged over 6%. Meta reported expenses of $33.4 billion in its pursuit of 'superintelligence' and increased its capital spending projections by $10 billion. In contrast, Google reported a profit of $62.6 billion on revenue just shy of $110 billion, easily beating market expectations.