Meta Platforms is one of the main companies driving the AI boom, earning most of its revenue from advertising across its social media apps. In the latest quarter, revenue rose by double digits to $64 billion, and the company said its AI investments are boosting ad revenue, while capital expenditures keep climbing and its 2026 capex range was narrowed to $135 to $145 billion. For the first time, Meta announced a stock split by issuing non-voting Class C shares, giving one to each existing shareholder, which doubles the share count without affecting CEO Mark Zuckerberg's voting power. The article says this gives Meta more flexibility to raise capital, make acquisitions or offer shares to employees. The split will be paid as a dividend on Jan. 19; based on the Oct. 21 closing price of $697, the stock would be worth $348 afterward, though this could change with performance.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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