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Meta Doubles Down on AI Spending, Plans New Class C Shares

Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals…

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Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals for the company as it weighs a potential merger with SpaceX. And OpenAI’s models helped find a potentially catastrophic software vulnerability. OpenAI President Greg Brockman and Cloudflare CEO Matthew Prince explain how AI is enabling both defenders and hackers.

00:00:00 – Bloomberg Tech Begins
00:01:27 – Alexandra Levine on Meta Boosting Capex Plan
00:04:36 – Minda Smiley, EMarketer on Meta Monetizing Muse
00:09:35 – Ben Harwood, New Street Research on Tesla After Earnings
00:14:57 – Craig Trudell on Musk Eyeing Tesla-SpaceX Deal
00:17:53 – Fatima Boolani, Citi on IBM Earnings
00:23:33 – Alison Porter, Janus Henderson Investors on Meta Credit Risk
00:34:16 – Greg Brockman, OpenAI President & Matthew Prince, Cloudflare CEO
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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5 Comments

5 Comments

  1. @rockypiccio4100

    October 22, 2026 at 2:47 pm

    That Meta 3Q Segment Revenue numbers made me think… hold on, the math is not mathing. 😅

    • @andrewkevalaitis2684

      October 22, 2026 at 9:24 pm

      Yeah, let’s just let the globalist thieves and liars like Bloomberg & Friends steer us to China!🙄😆😂🤣

      You’re all ass-🤡’s‼️

      Trump is ending CITY OF LONDON’S GLOBALIST ECONOMY‼️‼️

      Be patient and you will all see what the mew economy of Trump will bring the world.

      Stop second guessing him or you will become part of the west’s decline!

      It’s all part of their globalist plan and it’s very very well documented! 👍🏻🇺🇸

  2. @vme90-y7l

    October 22, 2026 at 6:14 pm

    yes Zuckerberg who squandered $60B on his brilliaant idea of the metaverse is the best choice of all 330M Americans to lead Meta into the future. If you believe that I have a bridge to sell you.

  3. @vme90-y7l

    October 22, 2026 at 6:50 pm

    The tech emperors still have no clothes.

  4. @dorliciousness

    October 22, 2026 at 8:51 pm

    f**k Zuck

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Bloomberg Technology

OpenAI Helped Find Potentially Catastrophic Cyber Flaw

OpenAI’s model helped identify a potentially catastrophic cybersecurity vulnerability in a programming language that runs millions of websites and applications. Greg Brockman, president of OpenAI, and Matthew Prince, CEO of Cloudflare — which helped protect websites before the flaw was publicly exposed — join Ed Ludlow on “Bloomberg Tech” to explain how AI is empowering…

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OpenAI’s model helped identify a potentially catastrophic cybersecurity vulnerability in a programming language that runs millions of websites and applications. Greg Brockman, president of OpenAI, and Matthew Prince, CEO of Cloudflare — which helped protect websites before the flaw was publicly exposed — join Ed Ludlow on “Bloomberg Tech” to explain how AI is empowering cyber defenders and attackers.
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Bloomberg Technology

Meta Makes Share Deal to Keep Zuckerberg in California

Meta says it will issue a new class of shares as part of a plan to keep CEO Mark Zuckerberg in California if a proposed wealth tax is passed and potentially help fund growth. The credit risk hit a record high after Meta laid out plans to boost AI spending. Alison Porter, portfolio manager for…

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Meta says it will issue a new class of shares as part of a plan to keep CEO Mark Zuckerberg in California if a proposed wealth tax is passed and potentially help fund growth. The credit risk hit a record high after Meta laid out plans to boost AI spending. Alison Porter, portfolio manager for Janus Henderson’s Global Technology Leaders Team, explains how the equities market are weighing these factors. She joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Tesla Shareholders Likely to Demand a Premium: New Street’s Harwood

Tesla investors are likely to demand a premium in a possible merger with SpaceX, says Ben Harwood, New Street Research senior analyst for technology and space infrastructure. Harwood discusses the synergies he sees between Tesla and SpaceX and why demand for Tesla’s full self-driving shows the company has momentum to keep profits growing. ——– Like…

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Tesla investors are likely to demand a premium in a possible merger with SpaceX, says Ben Harwood, New Street Research senior analyst for technology and space infrastructure. Harwood discusses the synergies he sees between Tesla and SpaceX and why demand for Tesla’s full self-driving shows the company has momentum to keep profits growing.
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