# Meta shares surged following reports of the subscriptions, closing up 3.7% to $635.36.

*genai, business · news · 2026-05-27 · Forbes*

## Key points

- Meta increased its capital expenditure guidance to up to $145 billion for 2024, a $10 billion hike.
- Meta has reassigned or laid off a combined 15,000 employees as part of its AI integration.
- 7,000 Meta employees were recently reassigned to focus specifically on artificial intelligence initiatives.
- Meta attributes its user drop in Q1 to 'internet disruptions in Iran.'

Key Facts Tangent Meta shares surged following reports of the subscriptions, closing up 3.7% to $635.36. The tech giant’s stock is down 6.6% in the past month of trading. Key Background Meta’s shift toward paid subscriptions comes as the company has deepened its spending commitments to AI. Meta increased its capital expenditure guidance to $125 billion to $145 billion this year—a $10 billion increase from its initial guidance and double its 2025 guidance. Several tech companies including Microsoft, Amazon and Alphabet have made similar jumps in AI spending. Meta’s stock has struggled this year, posting a nearly 4% drop since the start of January as it grapples with a drop in users it attributed in its first quarter earnings to “internet disruptions in Iran.” The company reported $56.3 billion in revenue in its latest quarter, up 33% year-over-year, as it has laid off 8,000 employees amid the push for stronger AI offerings. Meta told 7,000 employees this month they would be reassigned to focus on artificial intelligence initiatives. Further Reading Meta Reassigns Or Cuts 15,000 Workers Amid Mass AI Integration (Forbes)

**Companies:** Meta, Microsoft, Amazon, Alphabet
**Countries:** Iran, United States

[Read the full story on Forbes](https://www.forbes.com/sites/antoniopequenoiv/2026/05/27/meta-shares-jump-after-company-announces-premium-subscriptions-for-facebook-and-instagram/)

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