Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.

One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.

It's now down 23% over the past 12 months, and the stock is now the same price as Sept 2024

So they'd have their own AWS / Azure / Google Cloud type service going? Probably the smartest thing they've done in a while.

https://www.reuters.com/business/meta-narrows-annual-capex-f...

https://www.reuters.com/business/retail-consumer/metas-ai-sp...

https://www.cnbc.com/2026/07/29/zuckerberg-metas-ai-capacity...

https://www.cnbc.com/2026/07/29/metas-reality-labs-lost-over...

https://www.cnbc.com/2026/07/29/meta-q2-earnings-report-2026...

https://www.bloomberg.com/news/articles/2026-07-30/meta-repo...

Meta’s Profit Falls 14% as A.I. Spending Continues

https://www.nytimes.com/2026/07/29/technology/meta-profit-ai...

Meta shares fall as frustration grows over AI spending plans

https://www.bbc.com/news/articles/ckgd31l5yrdo

https://apnews.com/article/meta-earnings-q2-facebook-profit-...

https://www.latimes.com/business/story/2026-07-28/meta-plans...

http://fortune.com/2026/07/29/meta-earnings-zuckerberg-hints...