Matt McClain/The Washington Post/Getty
- Meta reported first-quarter earnings on Wednesday.
- Mark Zuckerberg talked about Meta's plans to invest more in AI.
- Shares tumbled 17% in after-hours trading.
Meta reported first-quarter earnings on Wednesday after the closing bell.
The company reported revenue and earnings-per-share that beat consensus analyst estimates. But shares slid after Meta gave a range for second-quarter sales that was on the light side of forecasts and said it's going to spend more than it expected this year.