Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash
Meta Platforms raised its 2026 capital expenditure forecast to between $125 billion and $145 billion, citing increased investment in AI infrastructure, as its shares dropped over 6% in extended trading. The company warned of potential financial and regulatory impacts from growing global scrutiny over youth social media use and ongoing legal challenges. Despite beating first-quarter revenue expectations with $56.31 billion and growing user engagement, investor concerns were driven by rising costs and competitive pressures from other tech firms.
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Business Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash By Reuters Published April 29, 2026, 7:27 p.m. ET Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash. The Facebook parent projects 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion. Shares of the company fell more than 6% in extended trading. 5 Mark Zuckerberg’s Meta Platforms raised its annual capital spending forecast even as it grapples with possible losses from a global youth social media backlash.
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