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Meta (META) Shares Slide as AI Spending Soars and Reality Labs Faces Layoffs

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Meta forecasted a sharp rise in annual capital expenditure to $115-135 billion, investing heavily in AI infrastructure amid layoffs in its Reality Labs division and challenges with its Llama 4 AI model, leading to a 2% drop in shares post-market.
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META price history

671.92 +6.32% over the displayed period

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