META•Meta's stock has fallen nearly 15% over the past 12 months as investors question growth prospects. The social media giant is exploring selling excess compute capacity in a cloud computing push, positioning it alongside SpaceX and other large tech firms.
Shares of Meta have dropped roughly 15% year-over-year as advertiser spending cooled and growth in key markets slowed, raising concerns over the company’s near-term revenue trajectory.
Meta is evaluating offering its underutilized data-center capacity to external customers, leveraging excess compute power to enter the cloud services market and diversify revenue beyond its core advertising business.
Marketwatch
