Facebook parent Meta spends more than it earns, and Wall Street is not happy with it
Meta Platforms warned of significantly higher capital expenditures in 2026 due to aggressive AI investments and data center expansion for its superintelligence pursuit. Despite strong third-quarter revenue growth, costs surged, impacting net income and causing an 8% share price drop as investors worried about profit margins.
Meta Platforms warned of significantly higher capital expenditures in 2026 due to aggressive AI investments and data center expansion for its superintelligence pursuit. Despite strong third-quarter revenue growth, costs surged, impacting net income and causing an 8% share price drop as investors worried about profit margins.
