Meta Platforms has surpassed its third-quarter revenue expectations. The technology giant also announced a 2-for-1 stock split, a move reportedly intended to help maintain Mark Zuckerberg's control over the company.
The company is significantly increasing its investment in artificial intelligence, with a boosted spending outlook for AI initiatives. To fund these substantial investments, Meta plans to create a new class of shares. Its Muse AI agent has reportedly achieved strong growth.
This strategic move underscores Meta's commitment to advancing its AI capabilities and securing its future growth. This is a developing story and will be updated as details emerge.
