Meta shares fall as frustration grows over AI spending plans
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Meta reported a 28% revenue increase to $61 billion for the April‑June quarter, but profit fell 14% to $6 billion. The company announced it will raise its AI spending to $130‑$145 billion for the year, prompting its shares to drop about 11%. Analysts expressed concern over the higher costs and the lack of immediate returns from the AI initiatives.
- ▪Revenue grew 28% year‑over‑year to $61 billion, while net profit declined 14% to $6 billion.
- ▪Meta said it will spend between $130 billion and $145 billion this year, up from the $125 billion it had planned three months earlier.
- ▪The announcement caused Meta’s stock to fall roughly 11% in after‑hours trading.
- ▪Free cash flow for the quarter fell to $784 million, the lowest level in at least five years.
- ▪Zuckerberg said the firm aims to sell its AI models and tools to other businesses, but such revenue streams have not yet materialized.
- ▪],
3 outlets in our directory ran this story, first to last over 1 hour. Coverage spans 2 points on the political spectrum — 1 lean left, 1 centre.
- ▪ Meta shares fall as frustration grows over AI spending plans — BBC News — Business
- ▪ Meta’s Profit Falls 14 Percent as A.I. Spending Continues — NYT — Home
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| Original publisher | Bbc |
| Canonical URL | https://www.bbc.com/news/articles/ckgd31l5yrdo |
| Publication time | Wed, 29 Jul 2026 21:41:55 +0000 |
| Retrieval time | 2026-07-29T21:49:26.457Z |
| Last seen | 2026-07-29T21:49:26.457Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | oKZLpiRsh__h · 3 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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Meta shares fall as frustration grows over AI spending plansJust nowShareSaveAdd as preferred on GoogleKali HaysTechnology reporterReutersMeta CEO Mark Zuckerberg has turned the company into a major spender on AI.Meta shares plunged on Wednesday as investors balked at its promise to keep spending on artificial intelligence (AI) projects while profits dwindle.Shares in the firm behind Instagram and Facebook fell 11% after its results for the quarter from April to June showed revenue grew 28% from a year ago to $61bn (£45.6bn), while profits fell 14% to $6bn.Meta said it would spend $130bn to $145bn this year, mostly on AI projects, up from the $125bn it said it planned to spend just three months ago.Chief executive Mark Zuckerberg said the company's AI spending was "accelerating every part…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Bbc.
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