Meta unveiled Petal, a transatlantic subsea cable engineered to carry 1 petabit per second (1,000 terabits per second) across roughly 7,000 km between France and the United States, with service expect…
Goldman Sachs strategist Peter Oppenheimer said Big Tech's heavy capital spending on AI is the primary reason the bull market is broadening, with the equally weighted S&P 500 outperforming the S&P 500…
Goldman Sachs strategist Ben Snider reports that consensus estimates for 2027 hyperscaler capital expenditures have surged by over $100 billion to more than $1 trillion (33% annual growth) since the s…
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…
Meta's stock cratered roughly 9% after missing profit estimates by more than a dollar, reporting $6.18 per share against Wall Street expectations of roughly $7.14, while Microsoft surged on proven AI …
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'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's Q2 revenue rose 28% to $60.4 billion, but expenses surged 55% to $42 billion due to $1.2 billion in severance from laying off 8,000 employees, $2.4 billion in legal costs, and rising AI expense…
Meta's free cash flow plunged 91% year-over-year to $784 million in the second quarter of 2026 as capital expenditures on AI infrastructure surged 83% to $31.08 billion, nearly wiping out the company'…
Meta Platforms reported a 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, sending shares down 10% in extended trading as CEO Mark Zuckerberg's AI spe…
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 CEO Mark Zuckerberg told investors on July 29, 2026, that personal AI agents will be "the foundation for our next wave of products and revenue lines" as the company reported second-quarter result…
Meta shares fell 11% on Wednesday after the company reported a 14% drop in quarterly profit to $6bn despite 28% revenue growth to $61bn, as investors balked at plans to spend $130bn to $145bn this yea…
Meta reported Q2 2026 revenue of $60.8 billion, up 28%, but net income fell 14% to $15.85 billion after taking $2.4 billion in legal charges and $1.18 billion in severance costs from laying off 8,000 …
Meta reported Q2 revenue of $60.8 billion, up 28% year over year, but its shares fell in after-hours trading after the company issued a weaker-than-expected Q3 revenue outlook and disclosed rising cos…
BlackRock is set to take an 80 percent stake in Meta's $14 billion, one-gigawatt AI data center project in El Paso, giving the world's largest asset manager direct control over infrastructure powering…
Twenty-six Meta employees are suing the company, alleging it used artificial intelligence systems to systematically target workers on protected medical and family leave during its May layoff of roughl…
The European Commission is investigating Meta for failing to assess risks of addictive design on user wellbeing, while Meta CEO Mark Zuckerberg reported that AI-driven feed improvements increased time…