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Facebook and Instagram parent projects 2026 capital expenditure between $125 billion and $145 billion.
Meta raised its 2026 capital expenditure forecast to $125-$145 billion, up $10 billion from prior guidance.
KEY POINTS
- Meta recorded its first-ever quarterly decline in Daily Active People, attributed to Iran and Russia disruptions.
- Meta is installing tracking software on U.S. employees' computers to train its AI models on work behavior.
- Further layoffs are planned for the second half of 2024, following earlier workforce cuts for AI integration.
- Despite higher capital spending, Meta kept its total 2026 expense forecast unchanged due to anticipated savings.
COMPANIES
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