← Front page

Sharp Tech with Ben Thompson · Friday, October 30, 2026

Meta boosts AI capital spending and plans new stock class, triggering stock pullback

Andrew Sharp and Ben Thompson discuss Meta's recent quarterly earnings, where CEO Mark Zuckerberg announced aggressive increases in capital spending for AI infrastructure, accompanied by a new class of non-voting stock to fund future acquisitions and cash needs.

personMark ZuckerbergpersonAndrew SharppersonBen ThompsoncompanyMetacompanyBloombergcompanyGooglecompanyAmazon

The tape

2 quotes
“Bloomberg reported this week meta shares fell after mark zuckerberg told investors the company would bet even more aggressively on artificial”
Andrew Sharp
“During its quarterly earnings report Wednesday, the social media giant boosted its capital spending plans for the year. And last Wednesday, this was a week ago, which is a pertinent point I'm going to get back to. And announced a new class of non-voting stock.”
Andrew Sharp
Heard on Sharp Tech with Ben Thompson — “Anthropic Opens the Kimono, Bubble Questions and Frontier Costs, Q&A on Meta, Starlink, Brewers”, published Friday, October 30, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
All Sharp Tech with Ben Thompson coverage →Original episode audio ↗Show RSS feed ↗
Transcribed via deepinfra · $0.02
Meta boosts AI capital spending and plans new stock class, triggering stock pullback — Heardvine