META changes
Pick any two versions below to diff them.
- Price
- $648.85 → $624.52(−3.7%)
- Recent events
- Oct added: 26, 2026: Meta sold 40 million Class A shares at $625 per share, or $25.0 billion, through forward sale agreements that settle by November 19, 2027. It also sold $12.5 billion of 6.50% mandatory convertible preferred stock that converts by August 2029. Together, the two offerings can add about 2.3% more shares. Meta will use the money for general corporate purposes. Oct 21, 2026: Meta reported Q3 2026 results. Revenue grew 26% to $64.60 billion, above its guidance of $61-64 billion. Costs grew 68% to $51.61 billion, which includes a $9.89 billion charge for the settlement with state attorneys general. Operating income fell 37% to $12.99 billion, and net income was $9.86 billion. Operating cash flow was $32.79 billion. Capital spending, with finance lease payments, was $34.91 billion, so free cash flow was negative $2.12 billion. Meta guided Q4 2026 revenue to $73-76 billion and 2026 capital spending to $135-145 billion. It bought back no shares in the first nine months of 2026. Oct 21, 2026: Meta's board approved a new class of non-voting Class C common stock, effective January 19, 2027. Each Class A and Class B share will get one Class C share as a stock dividend, so Meta expects the Class A price to show the effect of a two-for-one split. Voting power does not change. Meta said it can use the new class to raise capital, pay employees and buy companies. Under a Founder Alignment Agreement, Mark Zuckerberg can sell 80% of the Class C shares he gets only if he also sells or converts the same number of voting shares. These limits end in steps over eight years while he stays in his role. The board also agreed to pay one more Class C share for each share each time the Class C price doubles again from the September 10, 2026 Class A price of $580.60, adjusted for the dividend, if shareholders also earned at least 10% a year. Oct 12, 2026: Meta said it will report Q3 2026 results on October 21, 2026, after the market closes. Oct 12, 2026: Meta Superintelligence Labs released Muse Wonder and Muse Wonder Full, its first frontier-class AI models. Developers can use Muse Wonder through Meta's Model API, at $4 per million input tokens and $20 per million output tokens. Muse Wonder Full is only for Muse Code subscribers. Meta said the models will later power parts of the Muse app, first for subscribers. Oct 9, 2026: Hunterbrook, a research firm that also bets against stocks, said that downloads of the Muse app were falling and that its growth was slowing. Oct 8, 2026: Meta stopped ByteDance, the owner of TikTok, from buying ads on Facebook and Instagram in seven countries, including the US, Canada and Japan. The block also covers other advertisers whose ads send users to TikTok or other ByteDance services in these countries. A Meta spokesperson said that Meta does not have to run ads from competitors. Meta did not say how much ad revenue this removes. Oct 1, 2026: In a second New Mexico case, about privacy promises and content moderation, a jury found in late September 2026 that Meta broke the state's Unfair Practices Act more than 43 million times. At a hearing, the state asked the judge for $35-40 billion in penalties, and Meta said a penalty of that size would be unconstitutional. The judge said he would rule within about three weeks. Sep 28, 2026: Meta launched Meta Enterprise Platform, which groups Muse, Meta Business Agent, Muse API and Muse Code for business customers. Meta hired MongoDB CEO CJ Desai to lead it. Meta shares fell 4.8% that day. News reports linked the fall mostly to doubts about AI spending across the industry. Sep 25, 2026: Meta stock fell 3.3%, after a 4.5% gain the day before, when Goldman Sachs warned that AI hyperscalers may need close to $1 trillion a year in AI revenue to earn a strong profit on their current spending. Sep 21, 2026: Meta's new consumer AI products got early traction. Meta One, a paid subscription across Instagram, Facebook, WhatsApp, and Meta AI, launched September 15, and on September 17 Meta reported 15 million subscriptions and trials. The new Muse assistant app, launched September 8, reached number one on Apple's U.S. App Store. The stock rose 11.3% on September 21, and Wells Fargo raised its price target to $796 from $640. Aug 26, 2026: Meta agreed to settle teen social-media addiction claims from 52 state and territory attorneys general. Meta will pay about $12.7 billion over 10 years, and about $5.3 billion more depends on whether TikTok and YouTube adopt similar limits. Meta expects to record about $10 billion of legal expense in Q3 2026 for the deal. The deal adds default two-hour daily time limits and overnight access blocks for teen accounts, and it still needs court approval. It ended the trial before CEO Mark Zuckerberg was set to testify. Aug 6, 2026: A New Mexico jury found in March 2026 that Meta broke the state's consumer-protection law over child safety and imposed a $375 million penalty. On August 6, 2026, a judge in the same case ordered Meta to pay $567 million into a youth mental-health fund. The total New Mexico liability in this case is about $942 million. Meta said it will appeal. Jul 29, 2026: Meta reported Q2 2026 results. Revenue grew 28% to $60.8 billion, but net income fell 14% to $15.8 billion on a $2.4 billion legal charge and $1.18 billion of severance costs. Free cash flow fell 91% to $784 million as capital spending reached $31.1 billion. Meta narrowed full-year 2026 capital spending guidance to $130-145 billion, from $125-145 billion. Capital spending was $72.2 billion in 2025. Meta bought back no shares in the first half of 2026. Jul 28, 2026: Meta and BlackRock announced a venture to build a 1-gigawatt data center in El Paso, Texas, with Meta owning 20% of the project company. The venture's $12.5 billion of bonds priced at a yield near 7.5%. The bonds are not Meta's debt, but Meta guarantees about $13 billion of the project's residual value. May 20, 2026: Meta began cutting about 8,000 jobs, roughly 10% of its headcount. Meta said it moved thousands of other workers into new AI teams. It said it did not expect more company-wide job cuts in 2026.