Meta

Meta Platforms posted the strongest quarterly advertising revenue in its history, yet the share price fell before the earnings call had even ended.

Meta Superintelligence Labs released Muse Image on 7 July 2026, its first in-house text-to-image model, now live across the Meta AI app, Instagram Stories in the US and WhatsApp in limited countries.

Meta and Facebook Australia appeared before the Royal Commission on Antisemitism and Social Cohesion on 6 July 2026 over online hate.

Meta is considering layoffs that could affect 20% or more of its workforce, according to Reuters. The cuts would help offset aggressive AI infrastructure spending that reached $72 billion in 2025. Meta employed nearly 79,000 people as of December 31.

Meta cut 168 jobs in Washington state on March 31, 2026, targeting its Reality Labs virtual reality division. The cuts follow a broader restructuring that reorganizes 1,000 Reality Labs employees into AI-native 'pods' with new titles: AI Builder, AI Pod Lead, and AI Org Lead.

Trump appointed 13 tech executives to his White House science council, including Meta's Zuckerberg, Nvidia's Huang, and Oracle's Ellison. The council will advise on AI research, chip development, and workforce strategy. Musk and Altman were not included.

Meta lost $280 billion in market capitalization in March 2026 following two child safety liability verdicts and mounting concerns over AI infrastructure spending. The stock fell 11% last week. Analysts are comparing the situation to Big Tobacco's legal troubles.

Four weeks into the Iran conflict, the White House faces twin strategic crises that don't care about its messaging.