LONDON, April 25 (Reuters) - Meta Platforms ( META )

shares plunged 16% early in Frankfurt on Thursday after

forecasts of higher expenses and lighter revenue than expected

disappointed investors.

Shares in the Facebook parent were down 15.9% by 0614 GMT.

Meta shares dropped sharply in after-hours trading on Wall

Street the previous day after the company's first-quarter

earnings report raised fears that the surging cost of AI is

outweighing its benefits.