Meta announced it will issue a new class of non-voting stock to raise capital for its expanding AI initiatives while preserving the voting power of existing shareholders. This move supports Meta's founder-led structure and provides flexibility for funding, employee compensation, and acquisitions. The company reported strong Q3 earnings with $64 billion revenue, driven by AI growth, despite rising costs and ongoing losses in its Reality Labs division. CEO Mark Zuckerberg highlighted rapid adoption of AI products like Muse personal agents, aiming to scale to billions of users, while noting regulatory challenges ahead.
Meta Platforms Inc shares are trading at USD 712.72 on Pluang, up 2.66% as of Oct 22, 2026 06:02 WIB, reflecting strong investor interest. The stock holds a market cap of $1.77 trillion and a 52-week high of $777.59, indicating resilience despite ongoing challenges. This trading activity coincides with Meta's announcement of a new non-voting stock class to fund its AI expansion.
Meta Platforms posted a robust Q3, growing revenue by 26% year-over-year, driven by higher ad pricing. Despite a one-time $9.89 billion legal expense, the company's core operating income and margins remain strong. Significant investments in capital e...
Meta reported a 26% rise in Q3 revenue to $64.6 billion, driven by strong advertising sales, and forecasted Q4 revenue between $73 billion and $76 billion. Despite a nearly $10 billion legal charge related to teen mental health litigation, net income...
Meta Platforms posted a 26% year-over-year revenue increase to $64.6 billion in Q3, supported by strong advertising volume and a robust adjusted EPS of $7.40 despite a large legal charge. The company's investments in generative AI, particularly the M...
Meta announced that its AI app Muse has surpassed 10 million users, with 25% using it daily, boosting user retention. CEO Mark Zuckerberg highlighted that over 25% of engaged users shopping via Muse spend an average of more than $200 per purchase, a ...
A federal judge sharply criticized Meta for using attorney-client privilege to withhold thousands of documents related to teen social media addiction. The judge condemned Meta's employees for celebrating this legal tactic with branded hats, calling i...
