Meta drops 11% after lifting 2026 AI spending to as much as $145B
What's new: Free cash flow fell to $784 million, and Meta projected third-quarter revenue of $61 billion to $64 billion.
BBC News (US & Canada), CNBC +1
Subject
#Mark Zuckerberg
Meta shares sink after weak forecast and $130B-$145B AI spend
What's new: Free cash flow fell to $784 million from $8.55 billion a year earlier as Meta kept pouring money into AI infrastructure.
Bloomberg, CNBC +1
Zuckerberg pushes US to compete with Chinese AI, not ban it
What's new: His comments came as the Trump administration moved to block new Chinese robot and inverter imports.
Meta weighs up to $10 billion Anthropic compute lease
What's new: The proposed two-year deal would let Anthropic pay monthly for spare capacity, with both sides able to exit early.
AI firms cut token costs as buyers push for cheaper models
What's new: OpenAI, Meta and SpaceXAI rolled out models built to do more work per token as companies rein in AI bills.
Meta builds prediction market app as DraftKings, Flutter shares slip
What's new: The app, called Arena internally, is expected to use points rather than cash, though money could be added later.
Bloomberg, NPR +3
Meta, Microsoft push data center lease commitments past $850 billion
Why it matters: The long-dated obligations signal years of spending on AI chips, power and server capacity across the industry.
Meta replaces WhatsApp chief with Cred founder Kunal Shah
What's new: Meta is also investing $900 million in Cred, valuing the Indian fintech company at $4.5 billion post-money.
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Earlier: Meta falls more than 5% on report of possible AI stock saleSeries: Meta · AI Funding Stock Sale · 3 chapters since Jun 6Meta drops 5% on report it may raise billions for AI push
What's new: Meta lifted its 2026 capital spending forecast to as much as $145 billion, adding to investor worries over AI costs.