Meta CFO Susan Li told analysts the company is not providing a specific outlook for 2027 capital expenditures, tightening 2026 capex to $135 billion-$145 billion, which fueled AI overspending fears an…
Mark Zuckerberg published a Wall Street Journal op-ed on July 28 arguing that superintelligent AI must reach individuals rather than concentrate among a few institutions, using a thought experiment wh…
Meta CEO Mark Zuckerberg said on the company's Q2 earnings call that a 'significant portion' of its compute will go toward training AI models and powering agents, but the company also expects to grow …
Meta Platforms reported second-quarter profit of $15.85 billion, down 14% from a year earlier, as legal expenses and severance costs weighed on results, while revenue grew 28% to $60.8 billion. The co…
Microsoft stock rose while Meta stock fell after both reported quarterly earnings, as investors showed impatience with AI spending. Microsoft posted Q4 2026 revenue of $90 billion, up 18%, and adjuste…
Meta's Q2 earnings report showed AI spending nearly doubled to $31.1 billion, eating up free cash flow that plunged from $8.55 billion to $784 million, and investors responded by sending the stock dow…
Meta CEO Mark Zuckerberg said during a Q2 earnings call that Instagram has improved its algorithm by scanning every public post on the platform to provide better recommended content.…
Meta shares fell roughly 9% after Q2 earnings per share of $6.18 missed the $7.14 consensus, dragged down by $3.6 billion in legal and severance charges and a 91% decline in free cash flow, while Micr…
Meta's free cash flow collapsed 91% to $784 million in Q2 2026, driven by an AI infrastructure spending spree that CEO Mark Zuckerberg defends as essential for long-term dominance, causing the stock t…
Mark Zuckerberg predicted on Meta's second-quarter earnings call that within five years, billions of people will have a personal AI agent handling their finances, health, relationships, and homes. Met…
Microsoft shares rose 9% and Meta shares fell 9% after both companies reported earnings within an hour of each other on Wednesday evening, as investors rewarded Microsoft for showing clear returns on …
Meta CEO Mark Zuckerberg told investors on the company's Q2 2026 earnings call that it is 'extremely unlikely' billions of people won't have a personal AI agent within five years, but Wall Street sold…
Meta says global time spent on Instagram grew by double digits year on year in the second quarter, driven by AI-tuned recommendations in the main feed and Reels. The company reported that a reworked R…
Meta Platforms Inc. told investors it will spend between $130 billion and $145 billion on artificial intelligence in 2026, up from a prior range starting at $125 billion, as second-quarter revenue jum…
Meta reported a 14% drop in second-quarter profit to $18.3 billion despite a 28% revenue surge to $60.8 billion, driven by a 55% jump in costs to $42 billion from aggressive AI infrastructure spending…
Mark Zuckerberg warned against concentrating AI power in a few companies during a series of interviews, arguing that wider access to advanced AI produces more public value. Meta open-sourced Llama in …
Meta's profit fell 14% to $15.85 billion in the last quarter despite revenue rising 28% to $60.8 billion, as CEO Mark Zuckerberg poured billions into AI infrastructure and legal costs. The company rai…
Meta's free cash flow collapsed 91% to $784 million in the second quarter, down from $8.55 billion a year ago, as capital expenditure surged 83% to $31.08 billion on AI infrastructure, sending shares …
Meta CEO Mark Zuckerberg said global time spent on Instagram grew by double digits year over year in the second quarter, driven by AI-powered improvements to feed and Reels recommendations. The compan…
Meta reported $60.80 billion in second-quarter revenue on July 29, up 28% year over year, as ad impressions rose 14% and average price per ad increased 12%. The company also said 9 million small busin…