This is a developing story. Check back for updates.
When Meta announced capital expenditure projections last year, the company made it known that it planned to spend big to build out capacity for its AI business. “We expect that developing leading AI
Brazilian antitrust body CADE said on Monday it had opened an investigation into the new terms of Meta's WhatsApp Business tool, adding it would also suspend the tool's new terms in Brazil while it ev

Meta plans layoffs in its Reality Labs unit

04:27pm, Monday, 12'th Jan 2026
Meta plans layoffs in Reality Labs, affecting the teams behind VR headsets and Horizon Worlds. The restructuring follows major financial losses and a strategic shift toward AI.
Meta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported on Monday, citing three people with knowledge of th
Meta has named Dina Powell McCormick, the former Deputy National Security Advisor to President Donald Trump, as President and Vice Chair. Meta, the parent of Facebook, Instagram, WhatsApp and
Social media giant Meta Platforms on Monday named a former Trump appointee to a high-ranking executive position.
The layoffs are set to be announced this week and would affect Meta's work on the metaverse, as the company spends heavily on building artificial intelligence.
Meta has appointed new executives to head various aspects of its artificial intelligence (AI) initiatives. “Meta is planning to build tens of gigawatts this decade, and hundreds of gigawatts or more
Meta CEO Mark Zuckerberg announced a new "top-level" initiative called Meta Compute. Zuckerberg said Meta aims to build "hundreds of gigawatts or more" of capacity over time.
Meta will establish Meta Compute to construct tens of gigawatts of computing infrastructure this decade and hundreds of gigawatts more in the future, CEO Mark Zuckerberg said on Monday.
Amazon stock and Meta underperformed the S&P 500 last year but could rally in 2026, analysts said.

Meta hires a banker for its AI bet

12:55pm, Monday, 12'th Jan 2026
CNBC's Deirdre Bosa joins 'Money Movers' to report on Meta naming former banker and Trump advisor Dina Powell McCormick as its new president.
Oklo co-founder and CEO Jacob Dewitte joins 'Money Movers' to discuss the company's nuclear agreement with Meta, the development of a nuclear power campus in Ohio, and more.
Meta named Dina Powell McCormick as its president and vice chairman. Powell McCormick served as an advisor to President Donald Trump in his first term.
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