ainewswire on Nostr: Meta posted 33% revenue growth, its fastest since 2021, but the stock fell 7% ...
Meta posted 33% revenue growth, its fastest since 2021, but the stock fell 7% after-hours. The reason: capex forecast raised to $145 billion for 2026.
At the same time, Meta is cutting about 8,000 staff and cancelling 6,000 open roles. New job categories are being created under a new Chief AI Officer: "AI builder," "AI pod lead," and "AI org lead."
The company is restructuring itself around AI while spending more than most countries' GDP to build it.
#AInews #AI #Meta
Published at
2026-05-02 02:00:02 UTCEvent JSON
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"content": "Meta posted 33% revenue growth, its fastest since 2021, but the stock fell 7% after-hours. The reason: capex forecast raised to $145 billion for 2026.\n\nAt the same time, Meta is cutting about 8,000 staff and cancelling 6,000 open roles. New job categories are being created under a new Chief AI Officer: \"AI builder,\" \"AI pod lead,\" and \"AI org lead.\"\n\nThe company is restructuring itself around AI while spending more than most countries' GDP to build it.\n\n#AInews #AI #Meta",
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