Zuckerberg’s Net Worth Falls $18 Billion Amid Meta Stock Plunge—Wall Street Sours On AI Spending

Zuckerberg’s Net Worth Falls $18 Billion Amid Meta Stock Plunge—Wall Street Sours On AI Spending  Forbes

U.S. stocks are bouncing back after Microsoft leaped on hopes that its big spending on artificial-intelligence technology will be worth it, while computer-chip companies clawed back some of their big recent losses

Meta’s spending on AI is ramping, and investors want proof that the company can make serious money in areas other than advertising.

Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.

The social media company's net income fell 14% year over year as expenses surged 55%, and its free cash flow shrank to $784 million

4 min readNew DelhiJul 30, 2026 09:31 AM IST Products on display at the Meta lab pop-up on 5th Avenue in Manhattan on Wednesday, July 29, 2026. (Lexi Parra/The New York Times) Meta has bet big on artificial intelligence. On Wednesday, it said that bet would not let up. The Silicon Valley company, which owns Facebook, I

July 29 (Reuters) - Meta Platforms reported a 91% drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff.

Meta shares plunged on Wednesday as investors baulked at its promise to maintain spending on artificial intelligence (AI) projects even as profits dwindle.

Meta's quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arm's race.

Meta currently has 32 data centers across the globe in operation or under construction, with 28 of them in the US.

Meta profits fall as cost of layoffs bites  The Times

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

The Silicon Valley company’s costs rose more steeply than revenue growth, as it continues to invest heavily in artificial intelligence.

July 29 : Meta Platforms reported a precipitous 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter ended Jun

The 60-day correlation between the Kospi and Nasdaq 100 recently climbed to about 0.50, its highest level since 2021, according to data provided by Rayliant.