Meta Names Former Trump Appointee Its President as It Continues Big AI Spending

Why This Matters to Investors Key Takeaways Social media giant Meta Platforms on Monday named a former Trump appointee to a high-ranking executive position. Meta (META), owner of Facebook, Instagram, and WhatsApp, named Dina Powell McCormick its president and vice chairman. The company said she would help guide its strategy and execution, highlighting work to "ensure our multi-billion-dollar investments execute against our goals," build partnerships, and expand its investment capacity. Meta Platforms named ...