Overview
- Financial Times–based reports say Meta cut annual equity awards for most employees by about 5% for a second year, with larger grants steered to top performers and elite AI talent.
- Management is guiding 2026 capital expenditures to $115 billion to $135 billion for AI infrastructure and data centers, reflecting an aggressive buildout of model training and compute capacity.
- Fourth-quarter 2025 results topped expectations with revenue at $59.9 billion, up 24% year over year, and earnings of $8.88 per share, supported by stronger ad pricing and impressions.
- 13F disclosures show Stanley Druckenmiller’s Duquesne Family Office and Renaissance Technologies sold their Meta holdings in the fourth quarter, while Pershing Square reported a new position in the stock.
- Meta has been reshaping operations and pay to prioritize AI, including about 1,500 job cuts in Reality Labs in January and performance-review changes that concentrate rewards on high-impact contributors.