Billie Eilish reminds Mark Zuckerberg, other billionaires
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Investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending.
Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before a hefty tax charge.
Meta plans to spend up to $72 billion on AI infrastructure this year, with CEO Mark Zuckerberg defending the long-term strategy.
Meta CEO Mark Zuckerberg recently attended the Wall Street Journal Innovator Awards in New York City with his wife Dr. Priscilla Chan. During the ceremony, Billie Eilish, who received the award for 2025 Music Innovator,
Meta CEO Mark Zuckerberg doesn't want investors to worry about how much his company is spending on artificial intelligence, which is set to ramp up. "We keep on seeing this pattern where we build some amount of infrastructure to what we think is an aggressive assumption,
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Meta Stock Plummets as Investors Horrified at How Much Zuckerberg Is Spending on Misfired AI
Mark Zuckerberg's Meta is spending untold billions on infrastructure and top talent for its AI ambitions. Investors are rattled.
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Mark Zuckerberg’s fortune plunged by US$29.2 billion on Thursday as Meta shares tumbled, pushing him behind Amazon's Jeff Bezos and Alphabet's Larry Page to fifth place among the world’s richest.
If strong demand for Meta's Oakley and Ray-Ban smart glasses continues, they could turn out to be a "very profitable investment," according to Meta CEO Mark Zuckerberg. Glasses from both of Meta's collaborations are selling well,
Zuckerberg's hefty investment in AI raises eyebrows among investors as Meta plans to spend up to $72 billion this year, sparking concerns over profitability, stock declines, and the potential AI bubble in the tech industry.
The Facebook parent launches one of 2025's biggest debt deals to supercharge its AI push as investors weigh the cost.