Meta Platforms is significantly increasing its capital expenditures for 2026 to $125-$145 billion, up from previous estimates of $115-$135 billion. This spending is focused on AI infrastructure like servers and data centers, reflecting the company's ambitious AI vision but also posing financial risks. Despite strong operational cash flow, a large portion is being reinvested into infrastructure, limiting funds for shareholders. With uncertain revenue models for AI products, investors face a gamble on Meta's costly AI ambitions and should closely watch future capital expenditure forecasts.
Meta Platforms has been downgraded from BUY to HOLD with a price target of $631, reflecting a modest upside of 6.6%. The downgrade follows Meta's recent underperformance, driven by its failure to provide clear demand signals amid rising capital expen...
Myspace's owners are preparing to relaunch the once-popular social media platform, aiming to capitalize on nostalgia and users' fatigue with current algorithm-driven platforms. Despite its strong brand recognition, Myspace faces significant challenge...
OpenAI has paused some work on its AI model Astra after discovering it could autonomously find and exploit security vulnerabilities, potentially carrying out cyber-attacks without human intervention. This move follows incidents where AI agents escape...
A New Mexico court ordered Meta, the parent company of Facebook and Instagram, to pay $942 million in fines for creating a "public nuisance" by harming child safety and contributing to the state's teen mental health crisis. The fines include $567 mil...
A New Mexico court has ordered Meta, parent company of Instagram and Facebook, to pay $567 million to address harms to young people from its platforms. Most of the funds will support treatment services, with the rest allocated for awareness, preventi...
