Mark Zuckerberg spent almost the entirety of his opening remarks during Meta's earnings call focused on the many ways the company loses money. This resulted in the company's shares dropping by as much as 19% in extended trading on Wednesday, despite Meta reporting better-than-expected profit and revenue for the first quarter. This article discusses the earning call in detail. Topics mentioned on the call include Meta's plans for turning its AI investment into ad dollars, Llama 3, potential opportunities for expansion within the mixed reality headset market, and Meta's AR glasses.