Meta shares rise 7pc

FE Team | Published: January 30, 2026 00:35:59

Meta shares rose almost 7 per cent in early Frankfurt trading on Thursday, after several brokers raised their target prices following results in which the Instagram owner forecast first-quarter revenue above Wall Street expectations, reports Reuters.
Meta on Wednesday boosted its capital spending plans for this year by 73 per cent in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base.