Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash
Legal and regulatory blowback in the European Union and the US “could significantly impact our business and financial results,” the Facebook parent cautioned.
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Business Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash By Reuters Published April 29, 2026, 7:27 p.m. ET Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash. The Facebook parent projects 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion. Shares of the company fell more than 6% in extended trading. 5 Mark Zuckerberg’s Meta Platforms raised its annual capital spending forecast even as it grapples with possible losses from a global youth social media backlash.
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