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Meta stock drops 12% as heightened AI spending overshadows strong third-quarter results
CNBC· 2025-10-30 13:31
Core Viewpoint - Meta Platforms' stock experienced a decline of over 12% due to skepticism regarding the effectiveness of its aggressive artificial intelligence spending plans, despite reporting strong financial results [1]. Group 1: Financial Guidance - Meta has raised its capital expenditures guidance for 2025 to a range of $70 billion to $72 billion, up from the previous guidance of $66 billion to $72 billion [2]. - The increase in capital expenditures reflects the company's efforts to compete in the development of advanced AI tools [2]. Group 2: CEO's Perspective - CEO Mark Zuckerberg expressed confidence in the returns from the company's core business, stating that this confidence supports the decision to invest more aggressively in AI [3]. - Zuckerberg emphasized the importance of preemptively building capacity to prepare for the emergence of superintelligence, positioning Meta for significant opportunities in the future [3].
Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play
Globenewswire· 2025-06-30 10:30
Core Insights - Hyperscale Data, Inc. has announced that its subsidiary askROI, Inc. has surpassed 300,000 cumulative app downloads across the Apple App Store and Google Play [1][2][3] Group 1: Company Overview - Hyperscale Data operates through its subsidiary Sentinum, Inc., which manages a data center for mining digital assets and providing colocation and hosting services for AI ecosystems [4] - The company also has another subsidiary, ACG, which focuses on acquiring undervalued businesses and disruptive technologies [4] Group 2: askROI App Performance - The askROI app offers advanced AI tools for personal and business use and has achieved significant organic growth despite minimal marketing efforts [2][3] - The app's downloads have increased from 160,000 to over 300,000, indicating strong user engagement and platform improvement [3] Group 3: Future Plans and Divestiture - Hyperscale Data plans to divest ACG by December 31, 2025, transitioning to focus solely on data center operations and high-performance computing (HPC) services [5] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become ACG shareholders [6]