Stocks.

·Consumer internet

Meta Platforms

$561.32
+1.94%

10 of 22

Prev close $550.64H $561.32L $540.00Start of last 10 sessionsLatest
Interactive close chart for META. Move the pointer across the chart to read the close at each session; the dashed reference line marks the previous session’s close.

Ad efficiency + Reality Labs spend; Llama as a strategic moat.

$1.42T

5 of 22

27.6

2 of 2in sector

DAP YoY
+7%
Op margin
38.1%

1 of 2in sector

Capex (FY)
~$38B
More angles · 6

The headline metrics above sit at the top because they're what most readers glance at first. These six dimensions are where a tech-focused study actually lives — capital intensity, margin trajectory, concentration risk, and the per-sub-sector quality metrics this kind of business is judged on.

27.1%

Reality Labs + Llama training carry it

33.2%
24.0%

stepped up — AI infra ahead of monetisation

10.0%
Reality Labs loss
-$16B FY

the size of the VR/AR bet, on the income statement

3yr rev CAGR
+11%
Track in portfolio Back to feed

Stands out in coverage

Where META leads — and where it trails — the rest of coverage

2 callouts

Leads

  • Best Op margin38.1%in Internet / Ads vs 1 peer

Trails

  • Highest P/E27.6in Internet / Ads vs 1 peer

Fundamental rows (P/E, margins, growth) rank META against same-sector peers that disclose the metric — a high P/E means different things in different sectors, so the comparison stays within one. Sectors with only one ticker in coverage fall back to the full catalog so the chip isn't silently dropped. Market cap and today's move stay coverage-wide — those are positional summaries, not quality reads. Direction (higher- or lower-is-better) is editorial; rows we don't have a confident direction on are skipped. Structural ranking, not individualised investment advice.

What changed on the call

How management's posture shifted from FY25-Q4 to FY26-Q1

2 quarters
Tone
balancedconstructive
Guidance
maintainedraised FY rev guide

This quarter · FY26-Q1

Called 2026-04-30

Ad revenue accelerated on AI-driven ranking and content recommendation improvements. Reality Labs losses widened roughly in line with the prior outlook. Capex stepped up materially again; management connected the spend to ad-tech AI more concretely than the prior cycle.

  • Ad revenue growth re-accelerated; AI-driven ranking and content recommendation cited as the driver, not headcount.
  • Reality Labs losses widened in line; management held the multi-year framing.
  • Capex raised again; for the first time tied explicitly to ad-tech AI inference, not just training.
  • Threads and WhatsApp monetisation discussed in qualitative terms; no specific revenue contribution disclosed.

Prior · FY25-Q4

Called 2026-01-30

Holiday ad spend solid; growth steady rather than accelerating. Capex outlook stepped up again, framed primarily as AI training infrastructure. Reality Labs losses tracked to plan. Management's tone on AI monetisation was patient rather than aggressive.

  • Ad revenue grew steadily; no acceleration call-out.
  • Capex stepped up; management explicitly tied it to AI training capacity, not yet inference.
  • Reality Labs losses in line; no near-term path to break-even communicated.
  • AI monetisation discussed in patient terms — "early innings" framing rather than concrete revenue.
New this quarter
ad revenue re-accelerationai rankingreality labs lossescapex tied to ad-tech aithreads/whatsapp monetisation
Dropped from prior
ad revenue steadycapex for ai trainingreality labs in lineai monetisation patientno inference revenue call

Publisher summary. Structured editorial commentary, not a verbatim transcript.

Investor page ↗

Recent insider activity

4 insider sales on the tape

· last 6 weeks
Net 30-day flow
−$7.3M

Sells outweigh buys

Distinct insiders
4

0 buying · 4 selling

Of which planned
100%

share of selling

Latest filings

  • Sofia Alvarez · EVP Engineering

    Filed May 6, 2026

    −$2.4M

    Plan sell6.2K sh

  • Elena Petrova · Chief Product Officer

    Filed Apr 26, 2026

    −$2.5M

    Plan sell6.2K sh

  • Priya Ramesh · Director

    Filed Apr 17, 2026

    −$2.4M

    Plan sell6.0K sh

  • Marcus Whitfield · Director

    Filed Apr 9, 2026

    −$2.4M

    Plan sell6.1K sh

Public Form 4 record. Plan-scheduled sales () are flagged so they don't read as conviction sales.

EDGAR ↗

& borrow

Crowded short setup on META — squeeze risk in both directions

Crowded short

on the borrow

Short interest is 25.7% of float with 91% utilization and rising borrow cost — the kind of crowded-short profile that historically reads as elevated volatility around META. Cuts both ways: a rally forces covering, a fundamental miss feeds the thesis.

25.66%

Very crowded

8.2d

Hard to exit

31.8%

risingExpensive

91%

Fully lent

Public short-interest disclosure (Reg SHO) and securities-lending read. The pressure label is publisher commentary, weighted into the verdict — not a directional call.

FINRA ↗

Government activity

Congressional disclosures lean toward META selling

Congress selling
$0

None on record

Net congressional flow
−$3M

Net selling

Disclosures
5

0 buys · 5 sells

Recent STOCK Act disclosures

  • Rep. Sample Member-B · House

    Traded Apr 27, 2026

    −$1,000,001–$5,000,000

    Sell

  • Sen. Sample Member-G · Senate

    Traded Apr 14, 2026

    −$15,001–$50,000

    Sell

  • Rep. Sample Member-D · House

    Traded Apr 2, 2026

    −$50,001–$100,000

    Sell

  • Rep. Sample Member-A · House

    Traded Mar 22, 2026

    −$250,001–$500,000

    Sell

  • Sen. Sample Member-F · Senate

    Traded Mar 12, 2026

    −$1,001–$15,000

    Sell

Public-record STOCK Act disclosures and federal contract awards. The pattern label is publisher commentary on the data — apolitical and not a directional call.

Quiver ↗

& positioning

Call-side conviction on META — premium is leaning bullish

Bullish conviction

Call-side conviction

Notable call-side prints account for $5.67M of $5.67M in total premium on META — the kind of one-sided tape that reads as institutional positioning for upside. Cuts both ways: large prints can also hedge an existing book, so the size matters more than the single print.

$5.67M

3 notable prints

67% / 33%

Call-leaning

Bull / bear premium
100% / 0%

Bullish-tagged dominant

Largest single print
$1.91M

Large block

Largest prints · META

  • META 2026-06-19 C436

    CALL·bullish·2026-05-12

    $1.91M

  • META 2026-06-19 P357

    PUT·bullish·2026-05-13

    $1.89M

  • META 2026-06-19 C436

    CALL·bullish·2026-05-11

    $1.86M

Public OPRA prints filtered to large, premium-weighted sweeps. The conviction label is publisher commentary — a confirmation read, not a directional call.

CBOE ↗

change

Substantial rewrite in META's latest 10-K

Substantial edit

Substantial language change

META’s latest 10-K reads 21.5% different from the prior comparable filing (0001326801-25-000017) — edits concentrated in Item 7 MD&A. The research finds material rewrites of risk-factor and MD&A language historically predict underperformance, on the read that management quietly tweaks the wording before the market reprices.

Form
10-K

Annual report

Filed
Jan 29, 2026

4 months ago

Δ vs prior
21.5%

Heavy rewrite

Sections moved
1

One section

Per-section delta

  • Item 7 MD&A

    MD&A — narrative discussion of results and forward posture

    Δ 21.5%

    Material

Year-over-year shingle-cosine diff of / Risk Factors and MD&A. Material edits historically predict underperformance — publisher commentary on a public filing, not a directional call.

EDGAR ↗

Running Haiku → Sonnet pipeline…

History · META

4 items
NewsMoneyCheck · 2026-07-23
4d ago
META
$561.32+1.9%

Meta Q2 earnings due July 29; consensus sees $60.2B revenue as cloud division speculation mounts

Meta Platforms is scheduled to report Q2 2026 results on July 29, with analyst consensus calling for $7.19 EPS on revenue of $60.22 billion — a 26.7% jump year-over-year. Ahead of the report, sources indicate Meta may be negotiating a $10 billion compute lease with Anthropic and could unveil a formal cloud computing division during the earnings presentation, extending its competitive push into enterprise AI infrastructure.

NewsFX Leaders · 2026-07-23
4d ago
META
$561.32+1.9%

META Shares Slide Ahead of July 29 Earnings as $145B AI Spend Weighs

Meta Platforms shares declined on July 23 as investors weighed the company's aggressive AI infrastructure spending plans against near-term revenue generation uncertainty ahead of Q2 2026 results due July 29. Meta has guided Q2 revenue of $58–$61 billion, with analyst consensus at $60.18 billion and EPS consensus of $7.18. Options markets are pricing in a move of approximately 7.9% following the earnings release.

Daily insightopeninsider · Form 4
5d ago
META
$561.32+1.9%

META: COO sold $947K

Olivan Javier (COO) sold 1,466 shares of META on 2026-07-20 (Form 4 filed 2026-07-22 18:40:11). Single insider sales are weak signal — sales can be diversification, tax, or 10b5-1 plan driven.

Peers in coverage

Other tickers in Internet / Ads, then more from the coverage list.

Compare 4 side by side

Same impersonal verdict shown on each profile page, surfaced for discovery. The order does not account for your positions or concentration. Browse the full list on the screener.

What this profile tracks

  • PriceDaily move and a session .
  • Filings / text diffs and material .
  • Insider and sales.
  • Short side, , and — squeeze pressure flagged.
  • Government congressional disclosures and awards.
  • OptionsLarge prints, weighted by — call / put split and conviction tag.
  • SentimentAggregated, decayed .
  • NewsCurated wires and press releases.
  • AI takesAsk the assistant — it knows you're on META.