On Meta's quarterly earnings call, Mark Zuckerberg described a future in which billions of users rely on Muse, the personal AI agent Meta released last month, to shop, work and communicate through automated interactions with other people's Muse agents. He said these agents could eventually generate more per-user revenue than Instagram and Facebook, and predicted Muse would become 'highly profitable' within a few years.
theverge.com
· 2026-10-22
Tesla's third-quarter results topped estimates but shares fell after lower average car prices, a battery supply crunch, and Elon Musk's comment that Robotaxi expansion won't accelerate this quarter. Meta initially rallied on a sales beat but turned negative in premarket trading, while separately offering Mark Zuckerberg a new stock class tied to an eight-year California residency commitment. Broader futures declined alongside chip stocks as Asian and European markets also traded lower.
cnbc.com
· 2026-10-22
Hundreds of demonstrators gathered outside Meta's São Paulo offices carrying effigies and signs depicting CEO Mark Zuckerberg as the devil, protesting alleged interference in Brazil's presidential run-off. The protest coincided with a Superior Electoral Court order requiring Meta to prove it treated both candidates equitably, after the company restricted over 1,000 accounts linked to Luiz Inácio Lula da Silva while allies of Lula accused it of boosting content favoring Flávio Bolsonaro. Meta has denied wrongdoing, attributing any imbalance to two global service outages.
futurism.com
· 2026-10-22
During Meta's Q3 earnings call, Mark Zuckerberg said more than 10 million engaged users of Meta's Muse AI agent exist, with over 25% using it for shopping at an average purchase of over $200. He said payments partner Plaid reported unprecedented transaction activity, prompting Meta to work with Stripe to raise credit limits to handle demand.
cnet.com
· 2026-10-22
Mark Zuckerberg reportedly considered relocating out of California after a proposed wealth tax targeting billionaires raised concerns within Meta. The levy could have required him to sell a significant portion of his Meta shares, which he worried would threaten his controlling voting stake in the company.
wsj.com
· 2026-10-21
A Meta regulatory filing reveals Mark Zuckerberg agreed to remain a California resident for eight years, even though a ballot measure could impose a one-time 5% tax on billionaires' assets starting January 2026. Zuckerberg had considered moving, listing his Palo Alto home for sale and buying property in Florida, before Meta's special board committee negotiated the residency commitment tied to his ability to sell a new class of non-voting shares.
wired.com
· 2026-10-21
During Meta's Q3 earnings call, CEO Mark Zuckerberg said more than 10 million people have used Muse since its early September launch in the US and Canada. He said Meta is moving into a scaling phase for the agent and plans to build commerce tools to charge businesses transaction fees, noting shopping purchases through Muse average about $200 each.
engadget.com
· 2026-10-21
Meta confirmed on its Q3 earnings call that Muse, its AI app, has topped 10 million users, matching an earlier estimate from Sensor Tower. CEO Mark Zuckerberg said about a quarter of users open Muse daily, and more than a quarter of engaged shoppers using the agent spend over $200 on average per purchase, a figure he said surprised payments partner Plaid.
techcrunch.com
· 2026-10-21
Meta reported record third-quarter revenue of $64.6 billion and announced plans for a stock split alongside the creation of a new class of shares intended to help finance its artificial intelligence investments. The company said the new share class will not alter Mark Zuckerberg's existing voting control.
wsj.com
· 2026-10-21
A Santa Fe district court judge reduced a potential $219.5 billion jury-calculated fine to a $25 billion penalty against Meta, following a September jury verdict finding the company liable for misleading New Mexico residents about its data collection and safeguarding practices. The jury found more than 43 million violations of the state's unfair practices act, and the judge set the penalty at the maximum $5,000 per violation, with 15% annual interest until paid in full.
cnbc.com
· 2026-10-21
Meta disclosed in its third-quarter earnings that income from operations would have been $22.89 billion if not for a $9.89 billion charge tied to its child safety settlement with US attorneys general. The company agreed in August to pay $17.1 billion to resolve claims that its platforms were designed to be addictive to children, though $5.3 billion of that is contingent on YouTube and TikTok adopting similar safety safeguards. Despite the charge, Meta still reported $64.60 billion in quarterly revenue, up 26 percent year-over-year.
theverge.com
· 2026-10-21
The Instagram account for the 'No Kings' protest movement was suspended for about an hour during this past weekend's nationwide demonstrations, with admin access locked for several more hours. Some supporters suspected Meta CEO Mark Zuckerberg deliberately silenced the account given his recent alignment with Trump, though commentators Will Robinson and Tim Chambers argue intent is beside the point.
techdirt.com
· 2026-10-21
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