Chief Global Affairs Officer Joel Kaplan reportedly plans to leave Meta in 2027 after more than 15 years advising CEO Mark Zuckerberg, according to Axios. Dina Powell McCormick will take on external affairs, C.J. Mahoney will add policy duties, and Kaplan will stay through the November midterm elections and into 2027 to support the transition. Second-quarter revenue rose 28% year over year to $60.80 billion, though operating margin narrowed to 31% from 43%. Meta forecast 2026 capital expenditures of $130 billion to $145 billion, and META stock was trading nearly 2% lower at the time of writing. Meta is scheduled to report third-quarter earnings after Wednesday's market close.
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METAartificial intelligenceMark Zuckerberg
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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 10/19/2026 | 705.44 |
| Change that session | -0.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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