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00:30The company raised its full-year expense forecast to between $175 billion and $179 billion, reflecting a $9.9 billion
00:39legal charge.
00:40CEO Mark Zuckerberg said the company reached major milestones in personal superintelligence, adding that its investments are paying off and
00:48Meta is seeing velocity across the board.
00:50Meta also plans to increase capital expenditures and introduce a new class of common stock in January 2027.
00:56Shareholders will receive one additional share for each outstanding share held, effectively creating a two-for-one stock split.
01:03Shares rose more than 3% in after-hours trading on Wednesday, according to Benzinga Pro.
01:08For all things money, visit Benzinga.com.
