-1.88% to $630.56 from $642.62
- Meta launched concurrent public offerings of Class A common stock and depositary shares tied to mandatory convertible preferred stock, together targeting roughly $35 billion, with a further at-the-market program eyeing up to $60 billion of new non-voting Class C shares in a later phase.
- Nvidia, AMD and Broadcom indicated non-binding interest as “Cornerstone Investors” in buying up to a combined $5 billion of the common-stock offering, according to Meta’s filing.
- Meta said proceeds will help fund its family of apps, its Muse AI agent and its data-center buildout, alongside a 2026 capital-expenditure outlook of $135 billion to $145 billion.
- The raise followed Meta’s recent disclosure of elevated AI spending that had already unsettled investors, and some coverage tied the new offering to renewed “AI bubble” concerns.
Sources: CNBC · StockTitan · TechSpot · The Irish Times
-6.98% to $648.85 from $697.52
- Meta disclosed about $825 billion in future lease and contract commitments as of quarter-end, up from roughly $700 billion in July, including $355.7 billion in data-center leases and $454.5 billion in cloud-computing and other contracts running through 2036.
- The company posted negative free cash flow of $2.12 billion for the quarter after $34.9 billion in capital expenditures, reportedly its first negative free-cash-flow quarter since its 2012 IPO.
- Meta raised its full-year capital-spending outlook to a range of $135 billion to $145 billion.
- Results were further weighed down by a roughly $9.89 billion charge tied to teen mental-health litigation settlements and a $25 billion penalty in a New Mexico data-privacy case.
- The company also introduced a new class of common stock alongside the results, adding to investor uncertainty over its share structure.
- The report contributed to a broader slide in chip and AI-infrastructure-linked stocks, with credit-default-swap spreads for Oracle, Microsoft and Broadcom widening on renewed concern about AI-related debt.
Sources: TipRanks · Coinpaper · KuCoin News · Yahoo Finance · FXStreet · Investing.com
-4.79% to $715.62 from $751.66
- Meta unveiled “Meta Enterprise Platform,” a new business-facing AI technology stack built around its Muse agent, Muse API, Muse Code and Meta Business Agent.
- CEO Mark Zuckerberg called the platform the company’s “next major pillar” as Meta pushes businesses to run on its AI stack.
- The launch coincided with Meta hiring MongoDB’s outgoing CEO, Chirantan “CJ” Desai, as chief enterprise platform officer reporting directly to Zuckerberg.
- Shares of software peers including Microsoft, Oracle and Salesforce also declined as investors repriced competitive risk from Meta’s enterprise AI push.
Sources: Benzinga · MongoDB (press release) · 24/7 Wall St.
+4.50% to $777.59 from $744.10
- Meta unveiled Meta VR Glasses priced at $1,299.99, a roughly 100-gram headset with a 5K micro-OLED display, eye- and hand-tracking, and an external computing puck, due in spring 2027.
- The company also introduced Muse Charm, a pocket-sized pendant meant to give hands-free access to its Muse AI agent, targeted for a December launch without an announced price.
- JPMorgan raised its price target on Meta to $920 from $820, while KeyBanc and Cantor Fitzgerald also lifted their targets, to $900 and $860 respectively, citing the expanding AI-agent and wearables push.
Sources: CNBC · CNN Business · FinanceFeeds
+1.02% to $744.10 from $736.60
- Mark Zuckerberg opened the Connect 2026 keynote at Meta’s Menlo Park campus, centering the event on wearables and unveiling the Ray-Ban Meta Gen 3 smart glasses.
- Meta introduced Luna, a camera-free, audio-only version of the Ray-Ban Meta lineup aimed at privacy-conscious buyers who want the AI assistant without a lens.
- The company previewed Project Phoenix, its upcoming mixed-reality headset, without a full hardware reveal.
- Shares climbed in afternoon trading ahead of the keynote, extending recent momentum tied to Meta’s Muse AI assistant.
Sources: Engadget · StockStory
+11.34% to $741.25 from $665.75
- Amazon blocked Meta’s new Muse AI shopping agent from operating on Amazon.com after Meta declined a request to remove the bot, citing its policy against automated tools accessing the site.
- Muse reached No. 1 on Apple’s US App Store on September 18, drawing more than 730,000 US downloads in the ten days since its September 8 launch.
- Wells Fargo raised its Meta price target to $796 from $640, citing early Muse traction and momentum heading into the Meta Connect conference on September 23-24.
- Meta also announced Petal, a new subsea data cable connecting the US and France with 1 petabit per second of capacity, expected to enter service in 2029.
Sources: Bloomberg · CNBC · 24/7 Wall St.
+0.46% to $673.31 from $670.24
- Meta introduced Meta One, a subscription service adding paid tiers across Facebook, Instagram, WhatsApp and Meta AI, launching with more than 50 features.
- Individual pricing starts at $2.99 a month, with creator and business plans ranging from $14.99 up to $499 a month.
- Meta said the service has already reached more than 15 million subscriptions and trials since launch.
- Shares gained as investors weighed the launch as a new revenue channel beyond advertising.
Sources: Meta Newsroom · Securities.io · Unite.AI · Yahoo Finance
-1.42% to $644.38 from $653.69
- JPMorgan upgraded Meta to Overweight from Neutral, citing the company’s expanding artificial-intelligence efforts and potential for new products to add to long-term growth.
- The upgrade followed Meta’s rollout of Muse, an AI agent designed to carry out tasks on a user’s behalf, which reached third place in the U.S. app store on its second day.
- Analyst Douglas Anmuth highlighted Muse and access to the Meta Model API as developments that could widen the company’s technology offering.
- JPMorgan said Meta’s stated 2025 goal of delivering frontier-level models within a year has essentially been achieved.
Sources: CNBC · Bloomberg · Yahoo Finance
+3.01% to $610.68 from $592.85
- Meta launched Muse Spark 1.3, an upgraded version of its flagship AI model with improved agentic and coding capabilities, rolling out in Muse Code and the Meta Model API
- AI chief Alexandr Wang called it the company’s ‘biggest jump so far on model performance’ and said it now matches offerings from Anthropic and OpenAI
- The model reportedly outperforms OpenAI’s GPT-5.6 Sol on coding tasks and competes directly with Anthropic’s Claude Fable 5.1 on key benchmarks
- A max reasoning mode is expected once additional safety testing is complete, while consumer availability on Meta’s social platforms and Meta AI is still to come
Sources: Proactive Investors · 24/7 Wall St.
+2.47% to $592.85 from $578.54
- BofA Securities reiterated a Buy rating and $810 price target on reports Meta is preparing to launch its AI agent, internally called Hatch, inside Instagram and WhatsApp as early as the first week of September.
- Hatch is described as operating through its own virtual computing environment, able to autonomously make purchases, book restaurant reservations and handle emails.
- Meta has considered a tiered subscription model for Hatch, including a premium plan that could cost up to $199.99 a month.
- Bernstein analysts separately projected Meta’s advertising revenue could surpass Google Search’s before the end of 2026.
Sources: Investing.com · BigGo Finance