Meta unveils $95bn share sale as AI spending drains cash reserves Tech Meta has announced plans to raise up to $95bn (£71bn) through share sales to fund its AI expansion, as soaring infrastructure costs put pressure on the Facebook owner’s cash flow. The tech giant said on Monday it would raise $35m through public equity offerings, followed by a further $60bn through a programme allowing it to [...]
Meta trial risks reputational damage that ‘dwarfs’ financial hit Tech Meta faces a reputational hit that could “dwarf” even the potentially colossal financial penalties if it loses a landmark US trial over claims it deliberately made Instagram and Facebook addictive to children. The tech giant goes to trial in California today in one of the biggest legal tests yet of the way social media platforms [...]
Microsoft ‘back on track’, whilst Meta spending leaves investors ‘nervous’ Tech Microsoft saw strong growth over the last quarter as demand for its AI products continued to climb, while Meta’s rising spending on AI overshadowed record sales and sent its shares lower. The two US tech giants reported quarterly results after the closing bell on Wednesday, offering investors a clear picture of whether billions of dollars [...]
Bluesky bets on the end of X and Meta’s social media grip June 2, 2026 Social media is moving beyond platforms controlled by a “few billionaires”, according to Bluesky’s chief operating officer, as governments in the UK and Europe step up scrutiny of X, Meta, and other Big Techs. Speaking at SXSW London, Rose Wang said Bluesky was built in response to a social media market dominated by a handful [...]
Meta can read your Instagram DMs from today May 8, 2026 Instagram users are waking up to a major privacy rollback after Meta officially switched off end-to-end encrypted direct messages, giving the tech giant far greater visibility into private conversations shared across the app. From today, users who previously enabled Instagram’s optional encrypted chats will lose access to the feature entirely, with all messages reverting back [...]
Big Tech wants a slice of the fashion world. But why? May 6, 2026 From Amazon to Meta, Big Tech is snapping up Met Gala tables and Vogue covers, but why, asks Anna Moloney.
Meta to cut 8,000 jobs as AI spending soars April 24, 2026 Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
Should you build an AI clone of your CEO? No! April 22, 2026 As Meta launches an AI avatar of Mark Zuckerberg, Paul Armstrong writes why cloning your boss means cloning mistakes.
Meta spies on workers’ every click to build the AI that will replace them April 22, 2026 Meta will be installing tracking software on its employees’ computers to capture their every keystroke and mouse movement, using the data to train the very AI models the company hopes will one day do workers’ jobs for them. According to Reuters, Meta confirmed the programme – known as the Model Capability Initiative – (MC) in [...]
Meta trial lawyer to advise UK as scrutiny of social media design grow April 12, 2026 A US trial lawyer who led a landmark case against Meta is set to advise the UK government, as ministers consider tougher action on the impact of social media platforms. Matthew Bergman, who represented a young claimant in a high-profile Los Angeles lawsuit, is expected to be consulted as part of ongoing discussions around online [...]