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Meta Meets Senate Leader, Forecasts 26% AI-Driven Revenue Rise

7/29/2026

22 5 Full Breakdown

Summary

Story summary

Meta CEO Mark Zuckerberg met Senate Majority Leader John Thune in Washington on March 26, 2026.
Analysts forecast Q2 EPS of $7.22 and revenue of $60.17 billion, a 26% YoY rise.
Meta’s AI push includes Muse Spark 1.1, Muse Image subscriptions, and a $14 billion data-center deal with BlackRock in El Paso.
Meta raised its annual capex target to $145 billion and projects $33.9 billion for Q2.
Meta’s shares are down 10% YTD, lagging the Nasdaq.

History

Historical Context

After the 2018 Senate hearings that exposed the Cambridge Analytica misuse of up to 87 million users’ data and led to a $5 billion FTC penalty, Congress has kept Facebook—renamed Meta—in its crosshairs. Today, CEO Mark Zuckerberg meets Senate Majority Leader John Thune to discuss a $14 billion AI data-center partnership, a dialogue shaped by that earlier regulatory backlash.

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Story summary

Meta CEO Mark Zuckerberg met Senate Majority Leader John Thune in Washington on March 26, 2026.
Analysts forecast Q2 EPS of $7.22 and revenue of $60.17 billion, a 26% YoY rise.
Meta’s AI push includes Muse Spark 1.1, Muse Image subscriptions, and a $14 billion data-center deal with BlackRock in El Paso.
Meta raised its annual capex target to $145 billion and projects $33.9 billion for Q2.
Meta’s shares are down 10% YTD, lagging the Nasdaq.

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