Meta Platforms (META) Company Report

Meta and EssilorLuxottica are in talks to double annual production of Ray-Ban AI smart glasses to ~20 million units, potentially exceeding 30 million if demand holds.
The partnership, running since 2019, launched smart frames in 2021 and is nearing a 10 million-pair target by late 2026; Meta has paused some international sales to prioritize U.S. shipments amid shortages.
Meta’s Reality Labs unit has lost over $60 billion since 2020 and cut 1,000+ jobs as the company shifts focus from metaverse to AI-enabled hardware.
The latest Ray-Ban Display model launched in the U.S. in September at $799, with traction driven by its AI assistant and display features.

2 hours ago

Bloomberg

Meta Platforms acquires AI agent startup Manus

META

M&A

New Projects/Investments

Meta Platforms has agreed to acquire Singapore-based Manus, maker of autonomous general-purpose AI agents, integrating its team and technology into Meta AI while keeping the service operational and selling subscriptions globally.
Manus’s agent has processed over 147 trillion tokens, created over 80 million virtual computers, serves millions of users and businesses, and reported an annual revenue run rate of about $125 million earlier this year.
Financial terms were not disclosed; Meta frames the deal as part of its priority to build a business around its AI investments and accelerate monetization.
Observers say Manus’s robust execution layer for automating multi-step workflows strengthens Meta’s competitive position against AI-first productivity platforms.

Dec 29, 2025, 10:23 PM

Bloomberg

Meta Platforms ordered to suspend WhatsApp chatbot exclusions

META

Legal Proceedings

Italy’s antitrust authority (AGCM) ordered Meta Platforms to suspend new WhatsApp Business Solution terms that would exclude rival AI chatbots from the messaging platform.
The contested terms, introduced on Oct. 15, 2025, were due to take full effect by Jan. 15, 2026, and the AGCM is coordinating with a parallel European Commission probe.
The investigation, opened in July 2025 and expanded on Nov. 25, alleges an abuse of dominance under Article 102 TFEU and specifically targets Meta Platforms Inc., Meta Platforms Ireland Limited, WhatsApp Ireland Limited and Facebook Italy.
The interim order bars services such as Luzia, Perplexity and Poke.com from operating on WhatsApp; Meta has called the decision “fundamentally flawed” and plans to appeal.

Dec 24, 2025, 7:44 AM

WSJ

Meta settles Delaware derivative suit, hearing set for April 2026

META

Legal Proceedings

On July 17, 2025, Meta and plaintiffs in the Delaware derivative action In re Facebook Inc. Derivative Litigation reached a settlement in principle, subject to court approval.
On December 5, 2025, the Court of Chancery entered a Scheduling Order scheduling a settlement hearing on April 7, 2026 at 1:30 p.m. ET and requiring distribution of the Settlement Stipulation and Notice to stockholders.
The Settlement Stipulation (Exhibit 99.1) and Notice of Pendency and Settlement Hearing (Exhibit 99.2) are attached to this Form 8-K and available on Meta’s Investor Relations website.
The proposed Settlement provides Meta with a $190 million cash payment and includes corporate governance reforms such as enhancements to the whistleblower program, adoption of a director code of conduct, revised director conflicts policy, and updated insider trading policy.

Dec 12, 2025, 9:14 PM

8-K

Meta plans EU ad personalization choice

META

Legal Proceedings

Beginning January 2026, EU users can choose between fully personalized or less personalized ads by opting in to share different levels of personal data for advertising.
The move implements the EU’s Digital Markets Act after Meta received a warning in June 2025 about daily fines and was fined €200 million for previous DMA breaches.
The European Commission highlighted this as the first time Meta has offered such a choice on Facebook and Instagram, enhancing user control over data privacy.

Dec 8, 2025, 12:01 PM

WSJ

Meta acquires Limitless to boost AI wearables development

META

M&A

New Projects/Investments

Meta has acquired Limitless, an AI startup known for its AI-powered pendant, to accelerate development of context-aware wearable devices and advance its vision of personal superintelligence.
Limitless was co-founded by Brett Bejcek and Dan Siroker and had raised over $33 million from investors including Andreessen Horowitz, First Round Capital, and NEA prior to the acquisition.
Post-acquisition, Limitless will immediately halt hardware sales and discontinue its Rewind desktop app, while supporting existing users for one year and migrating them to an Unlimited Plan with no subscription fees.
The deal underlines Meta’s strategic shift, with resources reallocated from its metaverse group to a new Reality Labs studio dedicated to AI glasses and other devices.

Dec 5, 2025, 11:57 PM

WSJ

Meta Platforms cuts 30% of metaverse budget

META

Layoffs

New Projects/Investments

Demand Weakening

Meta will slash 30% of its Reality Labs budget for 2026, trimming investments in Horizon Worlds and Quest VR, with potential layoffs as early as January 2026 following previous cuts of about 3,600 jobs in February 2025.
The company is shifting focus from long-term metaverse bets to projects with faster ROI, notably generative AI and AI-powered hardware like smart glasses.
Reality Labs has amassed more than $45 billion in operating losses since 2019 and >$70 billion in financial losses since 2021, prompting the budget reduction.
AR/VR headset shipments fell 23% in 2023 to under 9 million units, while metaverse-related token market capitalization plunged from over $500 billion to about $3.4 billion amid a crypto downturn.

Dec 4, 2025, 5:01 PM

Bloomberg

Meta Platforms faces expanded Italian antitrust probe

META

Legal Proceedings

The Italian Antitrust Authority expanded its probe into Meta Platforms over allegations of abusing its dominant position by introducing new WhatsApp Business Solution Terms on October 15, 2025.
The investigation examines Meta’s integration of Meta AI in WhatsApp, which may block rival chatbots and undermine market contestability under EU competition rules.
Launched in July 2025, the probe also considers imposing interim measures, including injunctions, to curb potential exclusionary conduct.

Nov 26, 2025, 7:56 AM

WSJ

Meta Platforms enters U.S. electricity trading to support AI data center expansion

META

New Projects/Investments

Meta Platforms will begin wholesale electricity trading in the U.S. to secure long-term power purchase commitments and accelerate new power plant development for its growing AI infrastructure.
The company plans to partner with experienced traders and focus on competitive markets such as PJM and MISO to hedge price volatility and resell excess power.
Meta’s new Louisiana data center campus alone requires multiple new gas-fired power plants, underscoring the scale of its energy demands.
CEO Mark Zuckerberg emphasized Meta’s readiness to invest aggressively in AI infrastructure, even at the risk of overspending, to meet surging energy needs.

Nov 21, 2025, 6:18 PM

Bloomberg

Meta leaders reach $190 million settlement in Cambridge Analytica lawsuit

META

Legal Proceedings

Meta’s current and former directors agreed to a $190 million settlement to resolve shareholder claims stemming from the Cambridge Analytica scandal.
Shareholders alleged the board engineered a deal to shield Mark Zuckerberg from personal liability related to the $5 billion FTC settlement.
The settlement, funded by a directors’ liability insurance policy, does not constitute an admission of wrongdoing and ranks among the largest cash recoveries in a derivative action.
The agreement abruptly ended the trial before high-profile witnesses—including Zuckerberg, Marc Andreessen, and Sheryl Sandberg—could testify.

Nov 21, 2025, 5:29 AM

Bloomberg