Meta lost 20 million users last quarter
Meta reported a loss of 20 million daily active users across its platforms in the last quarter, attributing the decline to internet disruptions in Iran and WhatsApp restrictions in Russia. Despite this drop, the company plans to increase its AI-related capital expenditures by $10 billion in 2026, raising its total projected spending to between $125 billion and $145 billion. While Meta's overall revenue grew by 33%, its Reality Labs division continued to face significant losses and layoffs, and the company's stock fell over seven percent following the earnings announcement.
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TechCloseTechPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TechAICloseAIPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All AIBusinessCloseBusinessPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All BusinessMeta lost 20 million users last quarter Zuckerberg is also planning to spend $10 billion more on AI this year than previously expected.
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