Oct 22 : Meta Platforms shares fell more than 7 per cent on Thursday as investors balked at another increase in its annual AI spending forecast and a plan to sell new stock to help pay for it.The cost of insuring the social media giant's debt against default also hit an all-time high, the latest sign that fea

Oct 22 : Meta Platforms shares fell more than 7 per cent on Thursday as investors balked at another increase in its annual AI spending forecast and a plan to sell new stock to help pay for it.The cost of insuring the social media giant's debt against default also hit an all-time high, the latest sign that fea

Oct 21 : Meta raised the lower end of its annual spending forecast on Wednesday and said it would introduce new non-voting shares, in a move that would help fund its costly AI expansion.Shares of the company rose more than 4 per cent in extended trading, as it also forecast fourth-quarter revenue above Wall S

Oct 22 : The cost of insuring Meta Platforms' debt against default touched an all-time high on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out. Meta raised the lower end of its annual forecast for capital expenditure to between $135 billion and $145 billion this

Oct 22 : The cost of insuring Meta Platforms' debt against default touched an all-time high on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out. Meta raised the lower end of its annual forecast for capital expenditure to between $135 billion and $145 billion this

The Nasdaq fell more than 2% as Meta and Tesla failed to ease AI spending concerns. The sell-off highlighted investor anxiety over costly infrastructure and uncertain returns.