Irrational exuberance, previously for the Metaverse, now for AI. Neither area is going to make them money and both are incredibly expensive, as investors have started to realise today.

Neatly summarised in this headline after earnings: Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

https://www.cnbc.com/2024/04/24/meta-loses-200-billion-in-va...