Big tech companies and AI glasses, Zuckerberg wants them all! Wall Street, however, questions: Meta's (META.US) enthusiastic spending resembles that of the past metaverse.

According to the Wise Financial APP, as of the closing of the US stock market last Thursday, Facebook and Instagram's parent company Meta Platforms (META.US) saw a significant decline in stock price of 11.3%, continuing the sharp drop after-hours on Wednesday. The current market value is about $1.68 trillion. Prior to this, this social media and AI technology giant incurred a one-time expense of nearly $16 billion after implementing the OBBBA tax law (also known as the "big and beautiful" law) signed by former US President Donald Trump. This significantly impacted its net profit for the third quarter, with Q3 net profit plummeting by 83% from $15.69 billion in the same period last year to $2.71 billion. Despite the continued expansion of Meta's digital advertising revenue with the help of the AI wave, Meta's founder and CEO Mark Zuckerberg's fervent investment in AI has made Wall Street uneasy.