Meta Platforms Inc. lost roughly $200 billion in market value on July 30, 2026, after raising its full-year capital expenditure guidance to $130 billion to $145 billion and reporting a 91% year-over-y…
Meta CEO Mark Zuckerberg predicted that billions of people will use AI agents to automate their lives within five years, including managing relationships, households, finances, and health. The claim c…
Meta disclosed $278.99 billion in future lease obligations for AI data centers in its quarterly securities filing, a 53% jump from $182.88 billion three months earlier. The company added $68 billion i…
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 reported strong quarterly growth with revenue up 18% to $90bn and profits rising 31% to $35.8bn, driven by AI demand and Azure revenue growth of 43%, while Meta posted record revenue of $60.…
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 plummeted to $784 million in the latest quarter, down from $8.55 billion a year earlier, as the company's massive AI spending weighed on its finances. CEO Mark Zuckerberg defende…
Meta CEO Mark Zuckerberg is betting heavily on an AI-driven future, announcing on Wednesday's earnings call that the company lost over $4.6 billion in its Reality Labs sector in the second quarter. Zu…
Meta founder and CEO Mark Zuckerberg predicted on Wednesday's quarterly earnings call that billions of people will have personal AI agents within five years, citing uses for finances, health, relation…
Meta Platforms Inc.’s shares fell more than 8% in after-hours trading after the company reported a 14% drop in net income to $15.85 billion for its fiscal 2026 second quarter, as costs rose 55% and ca…
Meta's Reality Labs division reported a $4.62 billion operating loss in the second quarter ended June 30, with revenue of $431 million, up from $370 million a year earlier. The loss exceeded the $4.53…
Meta's second-quarter profit fell 14% to $15.85 billion even as revenue rose 28% to $60.8 billion, while Microsoft reported $90 billion in revenue with Azure growing 43%, highlighting the divergence i…
Meta's free cash flow plunged 91% to $784 million in Q2 2026 as AI capital spending surged to about $31 billion for the quarter, while revenue rose 28% to $60.8 billion but profit fell 14% to $15.8 bi…
Meta has paused its plan to charge a $19.99 monthly subscription for the Conversation Focus feature on Ray-Ban smart glasses after user backlash, Meta spokesperson Tyler Yee confirmed to The Verge. Th…
Meta Platforms Inc.'s infrastructure team requires a cultural reset due to bloated management, over-engineered solutions, and political decision-making that have led to expensive missteps, including a…
Meta Platforms faces uncertainty over AI return on invested capital as it plans to spend between $125 billion and $145 billion on capital expenditures in 2026, mostly on AI infrastructure, echoing its…
Meta is internally debating whether to keep the privacy LED off during the always-on AI 'super sensing' mode on its upcoming smart glasses, which would continuously capture images and audio for AI ana…
Meta plans to add a facial recognition feature called NameTag to its smart glasses, allowing wearers to identify people and access information via the Meta AI assistant, according to internal document…
Meta Platforms shares fell 11% in June 2026 after the company raised its 2026 capital expenditure forecast to $125-145 billion for AI infrastructure, spooking investors despite strong revenue growth. …
X launched a built-in video editor for iOS with captions and green screen features, while Meta shut down multiple game studios to focus on AI-generated games via its new Pocket app. X's move empowers …