Mark Zuckerberg, CEO of Meta, has arranged a deal to pay California's proposed 5% billionaire tax on his $240 billion wealth by creating a new class of shares he can sell more easily. This move allows him to stay in California and comply with the tax without losing control of Meta. The tax would amount to about $12 billion. This strategy is seen as a smart way for Zuckerberg to manage his tax obligations while maintaining his leadership role at the company.
Meta Platforms trades at USD 647.29 on Pluang as of Oct 23, 2026 00:02 WIB, down 7.20% in one day. The stock's market cap stands at $1.78 trillion with a 0.3% dividend yield. Pluang investors show strong interest, with 68% of orders to buy and 32% to sell, reflecting active engagement despite recent price drops.
Scotiabank analyst Nat Schindler set a $650 price target for Meta Platforms, about 6.8% below its then-current price of $697.52. Despite Meta's strong revenue from Facebook, Instagram, and WhatsApp, investor concerns over increased artificial intelli...
Meta is raising over $100 billion through a new share class to fund AI investments, despite strong AI-driven growth and popular apps like Muse. Tesla lowered its capital expenditure guidance due to efficiencies, while political factors may speed up a...
Meta is spending over $100 billion on centralized data centers to support its AI-driven ad ranking, resulting in high capital costs and negative free cash flow. In contrast, Apple focuses on on-device AI processing using its iPhones and Macs, which r...
Meta CEO Mark Zuckerberg claimed that Threads has overtaken X in monthly active users, though Meta has not published specific user numbers to confirm this. Despite this user lead, Meta's financial results show no revenue benefit from Threads yet, as ...
Meta Platforms' stock fell over 10% in five days due to a $2.12 billion free cash flow deficit caused by a sharp rise in third-quarter capital expenditures. Despite this, 44 Wall Street analysts have a bullish outlook, setting an average 12-month pri...
