News · 30 July 2026

Meta shares fall 11% as AI spending plans grow

Meta's shares plunged on Wednesday after investors reacted negatively to its increased spending plans for artificial intelligence projects. The company announced a 14% drop in its profits, reaching $6 billion, during the period from April to June. Meta now plans to spend between $130 billion and $145 billion this year, mostly on AI.

By BriefTea Editorial · 30 July 2026 at 0:05

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