AIWall Street Journalabout 2 hours ago
Meta Hires Wang for $14 Billion Deal
3 min read
Meta hired 29-year-old CEO Alexandr Wang from Scale AI in a June 2025 deal worth $14 billion. The acquisition included a 49% stake for Meta and aims to revamp AI efforts after Llama 4 underperformed. Wang's edgy style helped boost Meta's stock 20% and market cap by over $400 billion.
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