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Buyer Spotlight28 October 2026 · 9 min read

Meta

Building personal superintelligence on every layer of the stack.

Meta now has a frontier model, the fastest-growing consumer agent of 2026 and AI glasses at scale. We map its deals and talent bets, look inside Meta Superintelligence Labs, and assess what the pushback against Muse means for the AI market and for founders.

10m+
People set up Muse in about six weeks

US and Canada, Q3 2026 call

3.64bn
Daily active people across its apps

September 2026, +3%

$145bn
Capex, top of 2026 guidance

Range $135–145bn

16
AI deals, stakes and team hires

Jan 2025 to Oct 2026

01Who they are

From social apps to an AI company with 3.6bn daily users.

Meta Platforms is a Menlo Park-headquartered technology company. It runs Facebook, Instagram, WhatsApp, Messenger and Threads, builds frontier models in Meta Superintelligence Labs, sells AI glasses with EssilorLuxottica and is building gigawatt-scale data centres. Advertising still funds it all.
Headquarters
Menlo Park, California
Listing
Nasdaq: META
Founder, Chair and CEO
Mark Zuckerberg
Chief AI Officer
Alexandr Wang
Market cap
c. $1.57trn (28 Oct 2026)
Employees
66,775 (Sep 2026)

Products

  • Muse personal agentShops, books and works for users on its own secure cloud computer; free, $20 and $100 tiers
  • Muse modelsMuse Spark, open-weight Muse Glimmer and Spark Open, and the frontier Muse Wonder
  • AI glassesRay-Ban Meta, Oakley Meta and Ray-Ban Display with Neural Band
  • WhatsApp & MessengerMessaging, paid business messaging and Meta Business Agent
  • Facebook, Instagram & ThreadsSocial and video apps; Threads passed 500m monthly users in Q2 2026
  • Advantage+ and Meta Model APIAI that builds and buys ad campaigns; Muse models for developers
  1. Apr 2025Llama 4 launches to a lukewarm reception
  2. Jun 2025$14.3bn for 49% of Scale AI; Meta Superintelligence Labs formed
  3. Jul 2025“Personal superintelligence” letter; buys PlayAI; stake in EssilorLuxottica
  4. Oct 2025Buys Rivos (chips); $27bn Hyperion data-centre JV; $30bn bond
  5. Dec 2025Agrees to buy Manus and Limitless
  6. Jan 2026Meta Compute unit; nuclear deals for up to 6.6 GW
  7. Apr 2026Muse Spark, the lab’s first model; China blocks the Manus deal
  8. Jul 2026Meta Model API; $14bn El Paso data-centre venture with BlackRock
  9. Sep 2026Muse personal agent launches; Amazon blocks it; shares +11% in a day
  10. Oct 2026Muse Wonder, its first frontier model; buys Sundial; $37.5bn equity raise priced

Who pays Meta

  • Nearly 10m advertisers using its AI creative tools
  • Businesses on WhatsApp
  • Muse users and subscribers
  • Meta One: 15m+ subscriptions and trials
  • AI glasses buyers
  • Meta Model API developers

Key partners

  • NVIDIA
  • AMD
  • Broadcom
  • Arm
  • Google Cloud
  • EssilorLuxottica
  • Midjourney
  • Stripe
02The numbers

The price of owning every layer.

AI ranking and creative tools kept the core growing 26% in Q3 2026, and that cash funds the build. Quarterly capex now exceeds operating cash flow, free cash flow turned negative, and Meta raised $37.5bn of equity to keep going.

META · monthly close, USD

$612.49

Oct 2026

Since Oct 2024
+8%
2026 to date
-7%
52-week range
$520 – $780
Oct 2024Apr 2025Oct 2025Apr 2026Oct 2026
Month-end closing prices, unadjusted; October 2026 is the close on 28 October. Sources: Digrin, Stock Analysis. Hover or drag across the chart for any month.
  • Jun 2025Scale AI deal
  • Oct 2025-11% on capex outlook
  • Apr 2026Muse Spark · capex raised
  • Sep 2026Muse agent, +11% in a day
$64.6bn
Revenue

Q3 2026, +26% YoY

35%
Operating margin before legal charge

Q3 2026; 20% reported

$34.9bn
Capex in one quarter

Q3 2026

-$2.1bn
Free cash flow

Q3 2026

$37.5bn
Equity raise priced

26 Oct 2026

$73–76bn
Revenue guidance

Q4 2026

Quarterly revenue

USD billions; dashed bar is the midpoint of Q4 2026 guidance

Q2 25Q3 25Q4 25Q1 26Q2 26Q3 26Q4 26e
As reported in Meta’s quarterly results. Q4 2026 guidance is $73bn to $76bn.

Annual capex

USD billions, including finance-lease principal; dashed bar is 2026 guidance

20222023202420252026e
As originally reported in each year’s results. Two data-centre joint ventures, Hyperion (Blue Owl) and El Paso (BlackRock), keep further spending off Meta’s balance sheet.
03The acquisition map

Meta buys talent and capabilities, and partners for scale.

Since 2025 Meta has bought, invested in or hired the teams of 16 AI companies, mostly small groups folded into its lab, while signing gigawatt-scale deals for chips and power. Select a deal to see what it adds.
  1. L7

    Apps & ads

    Facebook, Instagram and Threads, with Advantage+ automating ad creation, targeting and buying.

  2. L6

    Business messaging

    WhatsApp and Messenger: paid business messaging and Meta Business Agent.

  3. L5

    AI assistants & agents

    Meta AI and the Muse personal agent, in its own app and inside WhatsApp.

  4. L4

    Devices & wearables

    Ray-Ban Meta, Oakley Meta and Ray-Ban Display glasses; Quest headsets.

  5. L3

    Models & research

    Meta Superintelligence Labs: the Muse family and the Meta Model API.

  6. L2

    Compute & chips

    MTIA, its own AI chips, alongside NVIDIA, AMD and Google TPU capacity.

  7. L1

    Data centres & power

    Prometheus (Ohio), Hyperion (Louisiana) and El Paso, plus nuclear and gas supply deals.

AcquisitionOct 2026

Sundial

AI data-analytics agent that answers questions in plain language; founded by former Meta data leaders Julie Zhuo and Chandra Narayanan.

Value
Undisclosed
Base
Not disclosed
Layer
AI assistants & agents
Status
Announced 23 Oct 2026

Analytics agents for Meta’s new data organisation under Alex Schultz. Sundial stops serving outside customers.

  • Acquisition
  • Team + IP
  • Partnership
  • Investment
04The strategy

From open models to personal superintelligence.

Meta’s edge is distribution: whatever it builds reaches 3.6bn people and millions of businesses on day one. After Llama 4 disappointed, it rebuilt its AI effort around a new lab, closed frontier models with open-weight siblings, its own agent and devices, and infrastructure it controls.
  1. 2023 – 2024

    Open models

    Llama as an open alternative. AI used mainly to rank feeds and target ads.

  2. 2025

    The reset

    Llama 4 underwhelms. Meta pays $14.3bn to bring in Scale AI’s CEO, forms a new lab and hires aggressively.

  3. 2026 →

    Personal superintelligence

    Muse models and the Muse agent, AI glasses as the device, gigawatt-scale data centres and its own chips.

Talent

$14.3bn

The Scale AI stake that brought Alexandr Wang to run the lab.

Compute

$145bn

Top of 2026 capex guidance, double the $72bn of 2025.

Devices

7m+

Meta glasses sold by EssilorLuxottica in 2025, triple 2024.

Distribution

3.64bn

People using Meta’s apps every day.

The goal is personal superintelligence for everyone, and glasses will become our main computing devices.
Mark Zuckerberg · CEO, Jul 2025 · paraphrased
Misspending a couple of hundred billion dollars would be unfortunate, but the bigger risk is not being aggressive enough.
Mark Zuckerberg · CEO, Sep 2025 · paraphrased
Meta plans to build tens of gigawatts this decade, and hundreds of gigawatts over time.
Mark Zuckerberg · CEO, Jan 2026 · paraphrased
We build our own data centres and chips, and we want sovereignty over our own models.
Mark Zuckerberg · CEO, Jul 2026 · paraphrased
We will work on monetising Muse sooner than our normal playbook, taking a share of the value we help people create.
Mark Zuckerberg · CEO, Oct 2026 · paraphrased
We are building the capacity to serve more than a billion people with Muse over the next few years.
Mark Zuckerberg · CEO, Oct 2026 · paraphrased
05The lab

Meta Superintelligence Labs: rebuilt in under a year.

In mid-2025 Meta rebuilt its AI effort from scratch: new leadership, infrastructure, architecture and data pipelines. Within sixteen months the lab shipped a frontier model, open-weight models and the fastest-growing consumer agent of 2026.

  • Alexandr Wang

    Chief AI Officer

    Leads the lab and TBD Lab, which trains the frontier models. Joined with Meta’s $14.3bn Scale AI investment.

  • Nat Friedman

    Products & applied research

    Turns the lab’s models into products such as Meta AI and Muse.

  • Shengjia Zhao

    Chief Scientist

    Former OpenAI researcher who worked on ChatGPT and GPT-4; chief scientist since July 2025.

  • Daniel Gross

    Co-lead, Meta Compute

    Runs capacity strategy and supplier partnerships for the data-centre build.

Release timeline

  1. Apr 2026

    Muse Spark

    The lab’s first model; now powers Meta AI.

  2. Jul 2026

    Meta Model API

    Muse Spark 1.1 for developers, at about a quarter of rivals’ prices.

  3. Aug 2026

    Muse Glimmer

    Open-weight model that runs on a single consumer GPU.

  4. Sep 2026

    Muse agent

    Personal agent with its own secure cloud computer.

  5. Oct 2026

    Muse Wonder

    First frontier model, priced level with Claude Opus 5.5.

How fast Muse caught on

  1. Apr 2026#57 → #5Meta AI on the US App Store after Muse Spark
  2. Jul 2026+60%more people using Meta AI each day
  3. Day 121.8mMuse downloads; ChatGPT had 1.3m at the same point
  4. Day 4010.2mUS downloads; ChatGPT had 3.7m at day 40
  5. Oct 202610m+people set up Muse; about 25% use it daily

Download figures are third-party estimates (Apptopia at day 12, Sensor Tower at day 40) and are measured differently; Meta reports set-ups, not downloads. Sources: TechCrunch, PPC Land, Meta Q2 and Q3 2026 calls.

  • A consumer agent at platform scale

    Muse showed that a company with 3.6bn daily users can turn a model into a habit within weeks. Shopping is already its most common use.

  • Rivals answered within weeks

    OpenAI launched its Dots agents at DevDay, and Google is testing Gemini calling businesses on users’ behalf.

  • Cheaper models raise the floor

    Open-weight Muse models and low API prices put pressure on paid mid-tier models and on what developers will pay.

  • Consolidation for horizontal agents

    Investors expect general consumer assistants to struggle, while security, identity and developer tools for agents attract funding.

Nine months ago we rebuilt our AI stack from scratch: new infrastructure, architecture and data pipelines. Muse Spark is the result.
Alexandr Wang · Chief AI Officer, Apr 2026 · paraphrased
Personal agents need their own secure computer, so Meta built one for every person who uses Muse.
Alexandr Wang · Chief AI Officer, Sep 2026 · paraphrased
The best personal agent should feel like a team of experts in your corner.
Alexandr Wang · Chief AI Officer, Oct 2026 · paraphrased
Job number one was hiring the best people in every discipline, and we were not going to be bottlenecked by compute.
Alexandr Wang · Chief AI Officer, Oct 2026 · paraphrased
06The pushback

Agents force every platform to choose: open up or guard the shelf.

Twelve days after Muse launched, Amazon blocked it from Amazon.com. Shopify let it in. The difference is the business model. Amazon earns from owning the shopper’s journey on its own site: search, ads and its own assistant. Shopify earns when its merchants sell, wherever the buyer comes from. Every platform is now making the same calculation.
  1. Jul 2025Block

    Cloudflare

    Blocks AI crawlers by default and lets publishers charge for access, turning agent traffic into something sites can price.

  2. Oct 2025Block

    Meta, on WhatsApp

    Closes the WhatsApp Business API to general-purpose AI assistants, protecting its own Meta AI. The gatekeeping runs both ways.

  3. Nov 2025Lawsuit

    Amazon v. Perplexity

    Amazon sues to stop the Comet browser agent shopping its site. An appeals court lifted the injunction in August 2026; the case continues.

  4. Jan 2026Opening

    Google with Shopify, Walmart, Etsy and others

    Universal Commerce Protocol, so agents can check out with the merchant’s consent. OpenAI and Stripe back a rival protocol.

  5. May 2026Own agent

    Amazon

    Merges Rufus and Alexa+ into Alexa for Shopping. Its own agent is the one it wants shoppers to use.

  6. Sep 2026Block

    Amazon

    Blocks Muse on Amazon.com as an “unauthorized AI agent”. Days later it opens its seller tools to Claude: agents are welcome where they help Amazon’s sellers, not where they replace its storefront.

  7. Sep 2026Opening

    Walmart and Shopify

    Walmart builds an agent gateway with spending limits; Shopify opens Shop Pay to Muse. Both see agents as new demand.

  8. Oct 2026Block

    Banks, airlines and retailers

    JPMorgan, Citi and Schwab block agents from moving money; Delta, Tapestry and Kohl’s do not let agents complete purchases. Trust and fraud come first.

For the AI market

There will not be one open web for agents. They will reach most of the internet, but the biggest stores, banks and apps will let them in only when it pays. Expect partnerships, fees and verified-agent programmes rather than a single standard.

For platforms and incumbents

The question is whether an outside agent brings you customers or takes them away. Platforms paid on the transaction, such as Shopify and the payment networks, are opening up. Platforms paid on attention and ads are guarding the front door and building their own agents.

For founders

If your product is an agent, access is your biggest risk: one blocked integration can break it overnight. Build with partners who gain from letting you in, or own the customer relationship yourself. And there is a real business in what both sides now need: agent identity, permissions, fraud controls and payments.

07Our take

A talent buyer building a full stack.

Meta rarely buys companies for their products. It buys teams and capabilities, folds them into its lab and often shuts the outside product down. The big money goes to talent, chips and power. For founders, that shows where the value sits: in what the team knows, how AI-native it is, and how fast it ships and changes course as customers and the technology move.
  • 16AI acquisitions, stakes and team hires since January 2025
  • $14.3bnlargest: 49% of Scale AI, without control
  • 0prices disclosed for its 2026 acquisitions
  • 1deal blocked: China ordered Manus unwound in April 2026
  • $37.5bnequity raised in October 2026 to fund the build

What Meta has paid for so far

  1. 01

    Founders who ship

    Most 2026 deals were small teams whose founders took senior roles: Moltbook, Dreamer, Stilla.ai and Sundial.

  2. 02

    Voice and audio

    PlayAI and WaveForms give Meta AI, Muse and the glasses natural, expressive voice.

  3. 03

    Hard-to-hire hardware skills

    Rivos for AI chips, Limitless for wearables and ARI for robotics: expertise that takes years to build in-house.

  4. 04

    Leaders and reach in key markets

    CRED’s founder now runs WhatsApp, and the Reliance venture brings enterprise reach in India.

08The segment

Same users, different ways to own AI.

Every major platform wants to own the agent people use every day. They differ on how much of the stack they own: Google already has every layer, Meta is building it, and others rent models or compute.
How much of the AI stack each company owns: from partnering for models or compute, to owning everything from power to apps
  • ← PartnersOwns it all →

  • Google

    Owns every layer: TPUs, Gemini, Android, ads

  • Meta

    Building every layer, data centres to glasses

  • Amazon

    Owns store, cloud and chips; partners on models

  • OpenAI

    Owns the model and the app; rents compute

  • Anthropic

    Owns frontier models; rents compute

  • Apple

    Owns the device; rents the model

How each one covers the stack
  • Acquired
  • Built
  • Partner
  • Exited or attempted
  • Not covered
PowerChipsModelsWearAgentsMsgAds

Meta

10m+ Muse set-ups · Q3 2026

10 acquisitions

Google

Gemini 950m monthly users · Q2 2026

2 acquisitions

Amazon

AWS revenue +37% · Q2 2026

2 acquisitions

OpenAI

900m weekly ChatGPT users · Feb 2026

2 acquisitions

Anthropic

Filed to go public · 26 Oct 2026

3 acquisitions

Apple

Q.ai, reported c. $2bn · Jan 2026

1 acquisitions

Hover or tap a block to see what sits there. Snapshot from public announcements to 28 October 2026; positions and layer placement are our own classification.

09The next 12 months

Where we think consumer AI goes next.

Our assumptions, based on the deals and announcements above. Not forecasts of any company’s plans.
  1. 01

    Personal agents become the front door

    The agent people use daily will decide where they shop, book and search. Every platform will push its own.

    Signal · Muse: 10m+ set-ups in six weeks, shopping the top use; OpenAI Dots; Gemini calling businesses for users

  2. 02

    Access is negotiated, then standardised

    Expect more blocks and lawsuits first, then paid access, agent identity and commerce protocols that let platforms choose who gets in.

    Signal · Amazon blocks Muse; Amazon v. Perplexity; UCP and ACP; Visa, Mastercard and Ant on “know your agent”

  3. 03

    Who answers when an agent goes too far?

    Agents now log in, pay and act inside other companies’ systems. When one oversteps its instructions, leaks data or touches critical infrastructure, someone has to be responsible. Permissions, audit trails, agent identity and liability will matter as much as the model.

    Signal · Amazon flags agents that hide their identity and store logins; banks block agents from moving money; Muse ships with a sandboxed computer and a monitoring agent; agent-security start-ups such as Zenity raise large rounds

  4. 04

    The device race moves to the face

    Glasses, pendants and audio wearables become the main way to reach an agent away from the phone.

    Signal · Muse comes to Meta glasses from November; 7m+ Meta glasses sold in 2025; Apple buys Q.ai; OpenAI device not before 2027

  5. 05

    Capex has to show returns

    Investors will reward AI spending only where it shows up in revenue and margins. Expect more joint ventures and equity funding.

    Signal · Negative free cash flow in Q3 2026; Hyperion and El Paso JVs; $37.5bn equity raise priced in October

  6. 06

    Talent deals face more scrutiny

    Licence-and-hire structures will draw more review, which changes timelines and terms for sellers.

    Signal · FTC comments on reverse acqui-hires (Mar 2026); senators’ letter naming Scale and Meta; China blocks Manus

For founders

Is your product a layer the AI platforms need?

Meta, Google, Amazon, OpenAI and Anthropic are all buying teams and technology that make agents, models and devices more useful, from consumer and agentic applications to identity, security, data and infrastructure. If your company sits in that stack, we are happy to walk you through your options, starting with an assessment of where you stand.

Talk to us

Important information

  • This Buyer Spotlight is New Momentum Partners’ own analysis and opinion, based only on publicly available information as of 28 October 2026. It does not use any non-public information.
  • Naming a company does not imply any engagement, mandate or relationship with New Momentum Partners, and no company named has reviewed or endorsed this article.
  • Views on strategy, likely acquisition targets and the next 12 months are our assumptions and interpretation of public trends. They are not statements of, or predictions about, any company’s actual plans.
  • This is not investment, legal, tax or financial advice, and not an offer, solicitation or recommendation to buy, sell or hold any security. Do your own research and consult your own advisers.
  • Figures come from company filings, releases and third-party sources for the dates stated. They may be unaudited, restated or out of date, and share prices change daily. Third-party download estimates are not company data. Past performance is no guide to future returns.
  • Executive statements are paraphrased from public sources and may not reflect exact wording. Deal values marked “reported” come from press reports and have not been confirmed by the companies.
  • Stack-layer classifications are our own simplification. Company names and trademarks belong to their owners.
  • New Momentum Partners accepts no liability for decisions made on the basis of this article.

Sources

  1. 1.Meta: Q3 2026 results (21 Oct 2026)
  2. 2.Meta: Q3 2026 earnings call transcript
  3. 3.Meta: Q2 2026 results (29 Jul 2026)
  4. 4.Meta: Q2 2026 prepared remarks
  5. 5.Meta: Q2 2026 earnings call transcript
  6. 6.SEC: Meta Q1 2026 results (8-K exhibit)
  7. 7.Meta: Q4 and full-year 2025 results
  8. 8.Meta: Q4 and full-year 2024 results (29 Jan 2025)
  9. 9.SEC: Meta full-year 2023 results (8-K exhibit)
  10. 10.SEC: Meta full-year 2022 results (8-K exhibit)
  11. 11.Meta: pricing of $37.5bn equity offerings (26 Oct 2026)
  12. 12.Meta: Hyperion joint venture with Blue Owl (21 Oct 2025)
  13. 13.Meta: El Paso data-centre venture with BlackRock (28 Jul 2026)
  14. 14.Meta: Muse Spark 1.1 and the Meta Model API (Jul 2026)
  15. 15.Meta: Meta Business Agent (3 Jun 2026)
  16. 16.Meta: partnership with Broadcom on custom AI silicon (14 Apr 2026)
  17. 17.Fortune: Meta Q3 2026, capex and Muse (21 Oct 2026)
  18. 18.TechCrunch: Muse Spark, a ground-up overhaul of Meta AI (8 Apr 2026)
  19. 19.TechCrunch: Meta AI climbs to No. 5 on the App Store (9 Apr 2026)
  20. 20.Constellation Research: open-weight Muse Glimmer (Aug 2026)
  21. 21.TechCrunch: Meta debuts the Muse AI agent (8 Sep 2026)
  22. 22.TechCrunch: Muse outpaces ChatGPT’s early mobile launch (21 Sep 2026)
  23. 23.PPC Land: Muse reaches 10m US downloads in 40 days, per Sensor Tower
  24. 24.TechCrunch: everything new coming to Muse, Connect 2026 (23 Sep 2026)
  25. 25.Stock Analysis: Meta Connect 2026 keynote transcript
  26. 26.TechCrunch: Meta releases its first frontier model, Muse Wonder (12 Oct 2026)
  27. 27.VentureBeat: Muse Wonder pricing and benchmarks (12 Oct 2026)
  28. 28.Cheeky Pint: Zuckerberg and Wang on Muse Wonder (Oct 2026)
  29. 29.David Senra: interview with Alexandr Wang (Oct 2026)
  30. 30.Yahoo Finance: Meta stock soars 11% on Muse downloads (21 Sep 2026)
  31. 31.TechCrunch: Meta’s AI agent blocked from Amazon.com (21 Sep 2026)
  32. 32.The Register: Amazon shows Muse the door (21 Sep 2026)
  33. 33.Fortune: Muse grows fast and draws backlash (22 Sep 2026)
  34. 34.Forbes: why Walmart wants Muse’s 10m users and Amazon does not (26 Oct 2026)
  35. 35.Flipflow: Amazon launches Alexa for Shopping (May 2026)
  36. 36.PPC Land: Amazon blocks Muse; how Muse handles logins and payments (Oct 2026)
  37. 37.AI Weekly: Amazon opens seller tools to Claude (23 Sep 2026)
  38. 38.Pearl Cohen: Ninth Circuit vacates injunction against Perplexity’s agent (Aug 2026)
  39. 39.TechCrunch: Cloudflare’s policy on AI crawlers (1 Jul 2026)
  40. 40.TechCrunch: Google’s Universal Commerce Protocol (11 Jan 2026)
  41. 41.TechCrunch: OpenAI’s agentic commerce system (29 Sep 2025)
  42. 42.Yahoo Finance: Visa, Mastercard and Ant agree on agent interoperability (Sep 2026)
  43. 43.Gizmodo: online retailers turn against third-party AI agents (27 Oct 2026)
  44. 44.PYMNTS: banks crack down on unauthorised AI agents (22 Oct 2026)
  45. 45.Yahoo Finance: VCs on Meta’s free Muse agent (25 Sep 2026)
  46. 46.Axios: Meta acquires Sundial (23 Oct 2026)
  47. 47.Axios: Meta acquires Stilla.ai (9 Sep 2026)
  48. 48.Axios: Meta hires Virtue AI founders (25 Jun 2026)
  49. 49.FinTech Futures: CRED raises $900m from Meta (Jun 2026)
  50. 50.TechCrunch: Meta buys robotics start-up ARI (1 May 2026)
  51. 51.Bloomberg: Meta hires the founders behind Dreamer (23 Mar 2026)
  52. 52.Forbes: Meta acquires Moltbook (10 Mar 2026)
  53. 53.Yahoo Finance: Meta and AMD 6 GW GPU deal (24 Feb 2026)
  54. 54.ANS: Meta nuclear deals with Vistra, Oklo and TerraPower (Jan 2026)
  55. 55.TechCrunch: China vetoes Meta’s Manus deal (27 Apr 2026)
  56. 56.TechCrunch: Meta acquires Limitless (5 Dec 2025)
  57. 57.Data Center Dynamics: Meta acquires Rivos (Sep 2025)
  58. 58.Business Today: Reliance Enterprise Intelligence share allotment to Meta (Feb 2026)
  59. 59.Engadget: Meta licenses Midjourney technology (22 Aug 2025)
  60. 60.Bloomberg: Meta acquires PlayAI (11 Jul 2025)
  61. 61.Bloomberg: Meta invests in EssilorLuxottica (8 Jul 2025)
  62. 62.UploadVR: EssilorLuxottica sold 7m Meta glasses in 2025 (Feb 2026)
  63. 63.TechRepublic: Zuckerberg on personal superintelligence (Jul 2025)
  64. 64.Sherwood: Zuckerberg on misspending “a couple of hundred billion” (Sep 2025)
  65. 65.Data Center Dynamics: Meta establishes Meta Compute (Jan 2026)
  66. 66.American Action Forum: FTC eyes reverse acqui-hires (Mar 2026)
  67. 67.US Senate: letter to FTC and DOJ on reverse acqui-hires (Feb 2026)
  68. 68.Fortune: Anthropic files to go public (26 Oct 2026)
  69. 69.Anthropic: acquires Bun (Dec 2025)
  70. 70.TechCrunch: Anthropic acquires Stainless (18 May 2026)
  71. 71.TechCrunch: Anthropic hires the Humanloop team (Aug 2025)
  72. 72.Tech Times: AWS growth and Amazon AI spend, Q2 2026 (31 Jul 2026)
  73. 73.Bloomberg Law: Amazon buys Bee (Jul 2025)
  74. 74.PYMNTS: Amazon acquires Fauna Robotics (Mar 2026)
  75. 75.Forbes: Gemini reaches 950m monthly users (22 Jul 2026)
  76. 76.TechCrunch: ChatGPT reaches 900m weekly users (27 Feb 2026)
  77. 77.Bloomberg Law: OpenAI’s Windsurf deal falls apart (Jul 2025)
  78. 78.SiliconANGLE: Apple acquires Q.ai (29 Jan 2026)
  79. 79.Digrin: META monthly price history
  80. 80.Stock Analysis: META quote and market cap (28 Oct 2026)

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