AIFinancial Timesabout 1 hour ago
Meta Raises Capex Floor to $135 Billion
3 min read
Meta Platforms raised its 2026 capital expenditure floor to $135 billion and announced a new non-voting share class on Wednesday. The company expects spending between $135 billion and $145 billion, up from the prior $130 billion floor, to fund AI development. This move follows third-quarter revenue of $64.60 billion and aims to secure talent while preserving CEO Mark Zuckerberg's control.
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