Meta shares fall on concerns over AI spending, legal scrutiny

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The Facebook and Instagram genitor  projected 2026 ​capital expenditure betwixt  $125 cardinal  and $145 billion, compared with its anterior  forecast of $115 cardinal  to $135 cardinal  [File]

The Facebook and Instagram genitor projected 2026 ​capital expenditure betwixt $125 cardinal and $145 billion, compared with its anterior forecast of $115 cardinal to $135 cardinal [File] | Photo Credit: AP

Meta ​Platforms raised its yearly superior spending forecast connected Wednesday, signaling plans to determination billions much into artificial quality infrastructure adjacent arsenic it confronts ‌potential losses from a planetary younker backlash against societal media.

The Facebook and Instagram genitor projected 2026 ​capital expenditure betwixt $125 cardinal and $145 billion, compared with its anterior forecast of $115 cardinal to $135 billion.

Published - April 30, 2026 10:20 americium IST

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