US EditionMeta stock drops as capex, user growth numbers come in below Wall Street estimates
- Meta Platforms raised its 2026 capital expenditure forecast to between $125 billion and $145 billion, up from a previous estimate of $115 billion to $135 billion.
- Meta reported first-quarter revenue of $56.31 billion, beating analyst estimates, with family daily active people rising 4% year-over-year to 3.56 billion.
- Meta is projected to surpass Alphabet as the world's largest online advertiser this year.
- The company warned that legal and regulatory challenges in the EU and US related to youth social media safety could materially affect its business and financial results.
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94 Articles
Amazon vs. Meta: Which Stock Will Win Over the Next Decade?
The post Amazon vs. Meta: Which Stock Will Win Over the Next Decade? appeared first on 24/7 Wall St.. Quick Read Amazon (AMZN) reported Q1 2026 revenue of $181.51B with AWS accelerating to $37.587B (28% growth, fastest in 15 quarters) and chips business reaching a $20B revenue run rate. Meta (META) posted $56.31B in revenue with 33% growth but signaled $125-145B in 2026 capex guidance with Reality Labs losing $4.03B, causing Meta shares to fa…
SCIENCE & TECH: Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash
Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash. The Facebook parent projects 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion. Shares of the company fell more than 6% in extended trading. Mark Z…
Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off.
Surging prices due to memory chip shortages have led to billions more in capital expenditures from Magnificent 7 companies—and many investors don’t like it.
Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash
Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash.
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Google-parent Alphabet soars as Meta stumbles over AI costs
Google-parent Alphabet impressed Wall Street with its latest quarterly earnings on Wednesday, as big tech rival Meta left investors lukewarm amid concerns about the huge cost of AI development.
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