Meta is experimenting with robots in its data centers to automate tasks like swapping cables and rebooting servers, potentially replacing up to 80% of technician workloads. This move reflects a broader trend where AI and automation are cutting jobs in tech, with nearly 140,000 U.S. tech jobs lost in 2026 amid rising AI investments. While the technology isn't fully ready, Meta's massive capital spending on AI infrastructure suggests robots could significantly reduce labor costs. This shift highlights AI's growing role not just in software but also in physical work, promising major productivity and margin improvements for companies.
Meta shares have dropped over 23% in the past year, pressured by a Q2 earnings miss despite strong revenue growth. The company’s AI investments are driving ad revenue gains, with ad impressions up 14% and average ad prices rising 12%. A proprietary m...
Sandhya Devanathan, Meta's vice president for India and Southeast Asia, is leaving the company after over a decade to join OpenAI. She will be based in Singapore and oversee consumer growth, enterprise adoption, partnerships, regulatory engagement, a...
Meta Platforms agreed to settle child-harm lawsuits by paying approximately $18 billion over the next decade. Despite this large settlement, the impact on Meta's stock has been limited, with the stock having already experienced significant declines. ...
Meta Platforms continues to attract investor interest as its advertising revenue rose 27% year-over-year in Q2 2026, driven by AI enhancements that increased ad clicks and conversions. Despite concerns over high capital expenditures and a costly laws...
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
