During Meta’s earnings call, Zuckerberg focused on AI, the metaverse, and potential ad revenue, but investors reacted poorly, causing a 19% drop in share price. Despite better-than-expected earnings, Zuckerberg highlighted investments, especially in AI, anticipating a multiyear cycle before profitability. The cost-cutting plan from last year continues, with increased capital expenditures for AI infrastructure. Investors were cautious due to a light revenue forecast for Q2.