Meta Platforms reported a 28% revenue increase to $60.8 billion in Q2 2026, driven by growth in ad impressions and prices. However, net income fell 14% to $15.8 billion due to higher costs, including $2.4 billion in legal charges and severance expenses from recent layoffs. Daily active users rose 3% to 3.6 billion. Meta expects Q3 revenue between $61-64 billion and raised its full-year expense outlook, while continuing to invest heavily in AI and Reality Labs despite ongoing regulatory and legal challenges.
Shopify and Meta have partnered to integrate Shopify's Shop Pay accelerated checkout solution with Meta's Muse AI assistant, enabling users to shop and check out easily across all Shopify stores. This collaboration aims to enhance the online shopping...
Meta Platforms reported a 28% year-over-year revenue increase to $60.8 billion in Q2, surpassing expectations. The market's focus on Meta's slightly increased capital expenditures, mainly due to external component costs, overshadowed the company's em...
Meta has confirmed that its AI assistant Muse was heavily inspired by the open-source AI project OpenClaw, though Muse was built from scratch. Nat Friedman, Meta's Superintelligence Labs head, explained that the team admired OpenClaw's design and aim...
Evercore ISI analyst Mark Mahaney named Meta his top stock pick with a bold $860 price target, expecting 30% revenue growth driven by new AI products like the Muse assistant. Despite strong revenue growth, Meta's recent earnings showed a profit decli...
Meta Platforms' Muse AI app has quickly gained traction, surpassing 2.5 million global downloads within 13 days, outpacing competitors like Claude and Gemini. This strong adoption has led Jefferies to raise its price target for Meta to $875, citing p...
