Sunday, 15 March, 2026
Zuckerberg Accelerates AI Push Despite Q3 Profit Drop
By Isha
Meta's Q3 revenue rose 26% to $51.2 billion, beating estimates. However, net income plummeted 83% to $2.7 billion due to a one-time $15.93 billion tax charge. CEO Mark Zuckerberg announced plans for "notably larger" AI infrastructure spending in 2026, signaling a heavy commitment to AI integration in social feeds despite immediate profit pressure.
Read full story at The Verge