Meta Platforms reported a 26% revenue increase to $64.6 billion in Q3 2026, driven by strong ad sales and AI investments. Despite a $9.9 billion legal charge related to teen mental health litigation, net income surged 264% to $9.86 billion. The company announced a new Class C non-voting stock to raise capital for growth and maintain CEO Mark Zuckerberg's leadership amid AI expansion. Meta expects continued revenue growth in 2027 and plans to reduce losses in its Reality Labs segment.
Meta Platforms trades at USD 700.52 on Pluang as of Oct 22, 2026 03:02 WIB, showing a modest 0.90% gain in the last day. The stock holds a substantial market cap of $1.77 trillion with strong investor interest reflected in a 68% buy order activity. This trading activity aligns with Meta's recent robust revenue growth and strategic moves to expand its AI capabilities.
A New Mexico judge has ordered Meta to pay $25 billion for violating consumer protection laws related to the Cambridge Analytica data scandal. The jury found Meta committed 43 million violations, each carrying a $5,000 penalty, for misleading users a...
A New Mexico judge has ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about data privacy. The case stems from allegations that Cambridge Analytica, a political consulting firm linked to Donald Trump's 2016 c...
Meta was ordered by a New Mexico court to pay $25 billion for misleading users about data privacy in the Cambridge Analytica scandal. The jury found Meta liable for over 43 million violations of the state's unfair practices act, with each violation c...
Meta is rumored to be planning a new stock issuance to finance its massive $145 billion AI infrastructure expansion, despite investor concerns about the risks involved. The company has so far avoided dilution by funding AI growth through debt, but sh...
Investors are growing cautious about the financial risks tied to the artificial intelligence boom, particularly as Meta prepares to report earnings. Previously, heavy spending by AI leaders, known as hyperscalers, boosted stock prices under the assum...
