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22/10/2026
Meta's plan will not dilute Zuckerberg's control.
Latest
4 m ago
Currently, the cloud computing order backlog is 24.1 billion euros, up 28% year-over-year, or 26% at constant currency.
5 m ago
Tesla (TSLA.O) reported on Wednesday that its profit fell year-over-year for a second consecutive quarter, as the company continues to pour substantial resources into self-driving cars, humanoid robots and other emerging technologies. Tesla said third-quarter net profit fell to $787 million from $1.4 billion a year earlier, a decline of about 44%. Revenue was $28 billion, roughly flat compared with the same period last year. Market expectations had projected third-quarter net profit of $785 million and revenue of $27.88 billion. Musk had previously warned that Tesla's profits would be pressured as the company directs resources into AI-driven autonomous driving technology and humanoid robot development. However, revenue from these new businesses remains very limited so far. Tesla's third-quarter free cash flow was positive $1.53 billion, versus market expectations of negative $4.921 billion.
10 m ago
The Dow closed up 0.69%, the Nasdaq rose 1.05%, and the S&P 500 gained 0.58%. Among the stocks with the highest trading volume, SpaceX rose 7.79%, Nvidia gained 2.54%, Micron Technology rose 1.96%, and Meta Platforms added 0.47%.
15 m ago
Meta raises capital expenditure forecast by $5 billion.
16 m ago
Meta Platforms (META.O) raised its capital expenditure forecast and announced plans to establish a new class of non-voting stock. The two moves signal that the social media giant is further ramping up its already massive artificial intelligence investments. In its quarterly earnings report released on Wednesday, Meta said capital expenditures for 2026 are expected to reach $135 billion to $145 billion, up from its previous forecast range of $130 billion to $135 billion. Meanwhile, Meta plans to distribute the new class of stock to existing investors in the form of stock dividends. Under the plan, existing shareholders will receive corresponding new shares, with the practical effect essentially equivalent to a 2-for-1 stock split. Meta said it expects the new shares to begin trading in January next year. The company said the new class of stock will be used for raising capital, employee compensation and potential acquisition transactions. These moves indicate that Meta is confident that its AI investments will ultimately generate returns. Meta's third-quarter revenue was $64.6 billion, above the market expectation of $63.334 billion. Meta also expects its fourth-quarter revenue to reach $73 billion to $76 billion, compared with analysts' previous average estimate of $73.6 billion.
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