Meta's $15.9B Tax Hangover Thanks to Trump & AI Hype

Mark Zuckerberg played 'How Much Can We Spend?' on Meta's Q3 earnings call, revealing a $51.24 billion revenue masked by a $15.9 billion tax charge courtesy of Trump’s One Big Beautiful Bill Act. CFO Susan Li boasted about burning through $70-72 billion on AI infrastructure this year and promised 2026 will be even 'notably larger' because hey, who doesn't want AI that costs more than some countries' GDP? Reality Labs kept hemorrhaging $4.43 billion despite a modest holiday Quest headset bump, with AI Glasses selling out like hotcakes, thanks to Ray-Ban collaboration. Meanwhile, EPS missed, shares dropped 9%, and employees got raises because 'compute and talent' are where the party's at. All while Zuckerberg insists they’re 'building novel capabilities,' not just throwing cash into the digital void.

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Source: Businessinsider | Published: 10/30/2025 | Author: Katherine Li