Meta Platforms (META) Company Report

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.

5 days ago

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.

5 days ago

Bloomberg

Meta Platforms ordered to pay €479M by Spanish court

META

Legal Proceedings

Spanish court orders Meta to pay €479 million ($552 million) to 87 Spanish digital media outlets for unfair competition and breaching GDPR by processing user data for behavioral advertising without proper consent from 2018 to 2023.
The court deemed Meta’s entire €5.3 billion in advertising profits during this period as earned in breach of GDPR and Spain’s antitrust laws.
Meta denies wrongdoing, plans to appeal, and asserts it has complied with applicable laws.

6 days ago

Barron's

Meta’s chief AI scientist to depart and form AI startup partnership

META

Management Change

New Projects/Investments

Yann LeCun will leave Meta at the end of 2025 to launch a new AI research startup focused on world models, systems that understand and interact with the physical world.
Meta plans to partner with LeCun’s venture, maintaining collaboration on selected research areas despite his departure.
His exit coincides with a major restructuring of Meta’s AI division, including the launch of Superintelligence Labs under Chief AI Officer Alexandr Wang, amid internal tensions over LLM-focused strategies.
LeCun, known for championing the JEPA approach and leading Advanced Machine Intelligence research, seeks to push AI beyond text generation while Meta intensifies competition in large language models after a muted response to Llama 4.

6 days ago

Bloomberg

Meta Platforms wins dismissal of FTC antitrust lawsuit

META

Legal Proceedings

M&A

A federal judge dismissed the FTC’s 2020 lawsuit challenging Meta’s acquisitions of Instagram and WhatsApp, finding the agency failed to prove Meta holds monopoly power in social networking.
Judge Boasberg highlighted the fast-evolving competitive landscape, citing rivals like TikTok and YouTube to underscore the difficulty of defining Meta’s product market.
The ruling, marking nearly a five-year legal battle victory, removes a major regulatory obstacle as Meta develops AI-powered features and messaging integration.
Meta’s stock partially recovered after pulling back more than 25% from mid-August highs amid concerns over higher capital expenditures.

7 days ago

Bloomberg

Meta Platforms reshapes leadership amid AI push

META

Management Change

Layoffs

John Hegeman, Meta’s Chief Revenue Officer, is stepping down after 17 years to start his own business
Andrew Bocking, head of ads product and strategy, will assume Hegeman’s responsibilities
Clara Shih (Business AI unit lead) and Chief AI Scientist Yann LeCun are also preparing to depart amid the AI leadership reshuffle
Meta eliminated approximately 600 positions from its AI unit in October as part of streamlining under the new Superintelligence Labs division

8 days ago

Bloomberg

Meta Platforms reports delays in Red Sea subsea cable projects

META

New Projects/Investments

Repeated missile attacks by Iran-backed Houthi militants over the past two years have created significant security risks for cable-laying operations in the Red Sea.
Meta’s 2Africa cable, a 45,000-kilometer system encircling Africa, remains incomplete in its southern Red Sea segment due to operational, regulatory and geopolitical hurdles.
Google’s Blue-Raman cable and other subsea systems such as India-Europe-Xpress and Sea-Me-We 6 also face similar setbacks with no updated timelines provided.
These delays hinder broadband growth in underserved regions, elevate consumer costs, and impose financial strain on cable investors unable to monetize their projects.
Tech firms are exploring alternative overland routes through countries like Bahrain and Saudi Arabia to bypass the conflict zone despite higher costs and complexities.

Nov 17, 2025, 2:20 PM

Bloomberg

Meta chief AI scientist LeCun to leave for startup

META

Management Change

New Projects/Investments

Yann LeCun, Meta’s Turing Award–winning chief AI scientist and FAIR founder, plans to depart in coming months to launch a world-model–focused startup and is in early fundraising talks.
Meta recently reorganized its AI unit into a “superintelligence” push under Alexandr Wang, moving LeCun’s reporting line from the chief product officer to Wang.
Markets reacted as Meta shares fell about 1.2% the morning the report surfaced.
The departure follows internal tensions over the underwhelming reception to Llama 4 and aggressive hiring in the new AI division.

Nov 11, 2025, 12:04 PM

Fortune

Meta expects 10% of 2024 revenue from scam ads

META

Revenue Acceleration/Inflection

Guidance Update

New Projects/Investments

Meta estimated scam and banned-goods ads could account for 10% of 2024 revenue (approx. $16 billion)
Internal guidelines capped enforcement actions if they would impact more than 0.15% of total revenue, influencing ad removals
Separate estimates show Meta’s apps display roughly 15 billion higher-risk scam ads daily
Meta reported $164.5 billion in 2024 sales, Q3 revenue of $51.24 billion (+26% YoY), and raised full-year expense guidance by $2 billion to fund AI investments

Nov 7, 2025, 9:08 AM

CNBC

Meta Platforms completes $30 billion senior notes offering

META

Debt Issuance

On November 3, 2025, Meta Platforms completed an offering of $30 billion aggregate principal amount of senior notes: $4 billion 4.200% due 2030, $4 billion 4.600% due 2032, $6.5 billion 4.875% due 2035, $4.5 billion 5.500% due 2045, $6.5 billion 5.625% due 2055 and $4.5 billion 5.750% due 2065.
The notes were issued under the Base Indenture dated August 9, 2022, as supplemented by a Fourth Supplemental Indenture dated November 3, 2025.
The offering was underwritten by a syndicate led by Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.

Nov 3, 2025, 9:18 PM

8-K

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