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Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.
Meta has launched paid subscription plans for Instagram, Facebook, and WhatsApp, priced between $2.99 and $3.99 per month, alongside AI-focused Meta One tiers at up to $19.99 per month.
Meta CEO Mark Zuckerberg has tied the company's planned layoffs to its rising capital expenditure on AI infrastructure, and declined to rule out further job cuts. The open-ended signal suggests Meta views workforce size as an ongoing variable as it redirects resources toward compute and data centers.
Intel shares surged 25% while Meta announced a 10% workforce cut and Microsoft offered employee buyouts, all on the same day. The moves reflect big tech's push to control costs and redirect spending toward AI as the post-pandemic hiring boom unwinds.
Meta projected full-year capital expenditures of $125 billion to $145 billion, well above analyst estimates, triggering a sharp drop in its shares. The overshoot raises concerns about compressed free cash flow and the pace of AI infrastructure spending. Investors will now watch closely for revenue growth that justifies
Meta shares fell 10.3% to $600, their biggest single-day drop in six months, despite Q1 sales of $56.3 billion beating expectations. Investors are worried that heavy AI spending will weigh on costs without delivering quick returns, compounded by concerns over declining user engagement.
Alphabet and Meta both announced rising capex plans, but markets moved them in opposite directions. Alphabet gained around 5% while Meta fell roughly 10%, suggesting investors see more near-term return risk in Meta's spending trajectory. The split sets a cautious tone ahead of other major tech earnings.
Meta shares dropped after Q1 earnings as the company raised its 2026 AI capital spending forecast to between $125 billion and $145 billion. The steep increase signals a major bet on AI infrastructure but puts near-term margin pressure in focus for investors.
Meta shares dropped nearly 10% following its earnings release, while Alphabet's Google stock surged sharply in the same reporting period. The split signals differing investor confidence in how each company is managing its ad business and AI investments.
Meta, Amazon, Alphabet, and Samsung all topped first-quarter 2026 earnings expectations, with Samsung logging a record profit. The results point to recovering ad markets, strong cloud demand, and a rebound in memory chips. Investor focus now shifts to forward guidance on AI spending and margins.
Meta reported $56.3 billion in Q1 2026 revenue, up 33%, with net profit of $26.8 billion. The strong results come just as the company prepares a large round of layoffs aimed at cutting costs and redirecting capital toward AI. The scale and timing of the cuts have not yet been disclosed.
China has ordered Meta to unwind its roughly $2 billion acquisition of AI agent startup Manus following a months-long probe. The block directly disrupts Meta's strategy to expand into AI agents through acquisitions. Meta must now pursue that capability through internal development or a new deal.
China's National Development and Reform Commission has ordered Meta and Manus to cancel their US$2 billion acquisition deal. Manus is registered in Singapore but has Chinese founders, giving Beijing grounds to intervene. The move signals China will block AI-linked deals beyond its borders when it sees strategic
China ordered Meta to unwind its $2 billion acquisition of AI startup Manus on April 27, citing national security concerns. The forced reversal signals that cross-border AI deals between US and Chinese companies face serious government barriers on both sides. Meta closed the deal in December 2025, just months after
Meta is laying off about 10% of its workforce, citing the need to redirect costs toward AI spending. The company's stock fell on the announcement, reflecting investor concern about execution risk. No specific timeline or affected divisions were disclosed.
Meta plans to cut roughly 10% of its global workforce, approximately 8,000 employees, beginning in May with additional rounds to follow. The layoffs signal a sustained restructuring effort rather than a one-time reduction, with direct implications for operating margins and capital allocation toward AI and other
Meta is targeting May 20 for the first wave of layoffs in a multi-phase headcount reduction, with further cuts planned later in 2026. The phased structure signals sustained cost pressure rather than a one-time event, extending workforce uncertainty across the year. Total headcount figures and affected divisions have
Meta is raising prices on its Quest VR headsets in the US, attributing the increase to higher component costs. The change puts pressure on headset adoption rates and the Reality Labs user base Meta needs to sustain its multi-billion dollar VR investment.
Tag
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
6d ago · 4 min · Business
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
7d ago · 3 min · Business
CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.
7d ago · 4 min · Business
Meta has launched paid subscription plans for Instagram, Facebook, and WhatsApp, priced between $2.99 and $3.99 per month, alongside AI-focused Meta One tiers at up to $19.99 per month.
1mo ago · 4 min · Technology
Meta CEO Mark Zuckerberg has tied the company's planned layoffs to its rising capital expenditure on AI infrastructure, and declined to rule out further job cuts. The open-ended signal suggests Meta views workforce size as an ongoing variable as it redirects resources toward compute and data centers.
1mo ago · 2 min · Technology
Intel shares surged 25% while Meta announced a 10% workforce cut and Microsoft offered employee buyouts, all on the same day. The moves reflect big tech's push to control costs and redirect spending toward AI as the post-pandemic hiring boom unwinds.
1mo ago · 2 min · Technology
Meta projected full-year capital expenditures of $125 billion to $145 billion, well above analyst estimates, triggering a sharp drop in its shares. The overshoot raises concerns about compressed free cash flow and the pace of AI infrastructure spending. Investors will now watch closely for revenue growth that justifies
2mo ago · 1 min · Markets
Meta shares fell 10.3% to $600, their biggest single-day drop in six months, despite Q1 sales of $56.3 billion beating expectations. Investors are worried that heavy AI spending will weigh on costs without delivering quick returns, compounded by concerns over declining user engagement.
2mo ago · 1 min · Markets
Alphabet and Meta both announced rising capex plans, but markets moved them in opposite directions. Alphabet gained around 5% while Meta fell roughly 10%, suggesting investors see more near-term return risk in Meta's spending trajectory. The split sets a cautious tone ahead of other major tech earnings.
2mo ago · 1 min · Markets
Meta shares dropped after Q1 earnings as the company raised its 2026 AI capital spending forecast to between $125 billion and $145 billion. The steep increase signals a major bet on AI infrastructure but puts near-term margin pressure in focus for investors.
2mo ago · 1 min · Markets
Meta shares dropped nearly 10% following its earnings release, while Alphabet's Google stock surged sharply in the same reporting period. The split signals differing investor confidence in how each company is managing its ad business and AI investments.
2mo ago · 1 min · Markets
Meta, Amazon, Alphabet, and Samsung all topped first-quarter 2026 earnings expectations, with Samsung logging a record profit. The results point to recovering ad markets, strong cloud demand, and a rebound in memory chips. Investor focus now shifts to forward guidance on AI spending and margins.
2mo ago · 1 min · Markets
Meta reported $56.3 billion in Q1 2026 revenue, up 33%, with net profit of $26.8 billion. The strong results come just as the company prepares a large round of layoffs aimed at cutting costs and redirecting capital toward AI. The scale and timing of the cuts have not yet been disclosed.
2mo ago · 1 min · Business
China has ordered Meta to unwind its roughly $2 billion acquisition of AI agent startup Manus following a months-long probe. The block directly disrupts Meta's strategy to expand into AI agents through acquisitions. Meta must now pursue that capability through internal development or a new deal.
2mo ago · 1 min · Technology
China's National Development and Reform Commission has ordered Meta and Manus to cancel their US$2 billion acquisition deal. Manus is registered in Singapore but has Chinese founders, giving Beijing grounds to intervene. The move signals China will block AI-linked deals beyond its borders when it sees strategic
2mo ago · 1 min · Global Affairs
China ordered Meta to unwind its $2 billion acquisition of AI startup Manus on April 27, citing national security concerns. The forced reversal signals that cross-border AI deals between US and Chinese companies face serious government barriers on both sides. Meta closed the deal in December 2025, just months after
2mo ago · 1 min · Global Affairs
Meta is laying off about 10% of its workforce, citing the need to redirect costs toward AI spending. The company's stock fell on the announcement, reflecting investor concern about execution risk. No specific timeline or affected divisions were disclosed.
2mo ago · 1 min · Business
Meta plans to cut roughly 10% of its global workforce, approximately 8,000 employees, beginning in May with additional rounds to follow. The layoffs signal a sustained restructuring effort rather than a one-time reduction, with direct implications for operating margins and capital allocation toward AI and other
2mo ago · 1 min · Technology
Meta is targeting May 20 for the first wave of layoffs in a multi-phase headcount reduction, with further cuts planned later in 2026. The phased structure signals sustained cost pressure rather than a one-time event, extending workforce uncertainty across the year. Total headcount figures and affected divisions have
2mo ago · 1 min · Business
Meta is raising prices on its Quest VR headsets in the US, attributing the increase to higher component costs. The change puts pressure on headset adoption rates and the Reality Labs user base Meta needs to sustain its multi-billion dollar VR investment.
2mo ago · 1 min · Technology