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Meta stock closed down 6.98% at $648.85 per share on October 22, falling back to early September levels and giving up all the gains brought by the Muse agent. A report Meta submitted to the U.S. Securities and Exchange Commission the same day showed that, as of September 30, 2026, its total irrevocable contractual commitments stood at $454.52 billion, mainly involving third-party cloud computing capacity, servers and network infrastructure, data center energy services, and Reality Labs consumer hardware, of which approximately $45.85 billion and $121.41 billion mature in 2026 and 2027, respectively. There are currently no subsequent developments.
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Meta shares plunge nearly 7%, capex growth concerns overshadow agent hypeDevelopments
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- Source:Caixin
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Oct 23
Caixin
Meta shares plunge nearly 7%, capex growth concerns overshadow agent hype
Meta shares closed down 6.98% at $648.85 per share on October 22, falling back to early September levels, with all gains brought by the Muse agent wiped out. A report Meta submitted to the U.S. Securities and Exchange Commission on October 22 shows that as of September 30, 2026, its total irrevocable contractual commitments were $454.52 billion, mainly involving third-party cloud computing capacity, servers and network infrastructure, data center energy services and Reality Labs consumer hardware, of which about $45.85 billion and $121.41 billion mature in 2026 and 2027 respectively.