Meta

Policy & Labor

France voted 5.5 euro cents a gigabyte on Netflix, Google and Meta, and one word decides which cap applies

France's National Assembly has adopted a levy of €0.055 per gigabyte delivered to French internet users, capped at 15% of French revenue or 2% of worldwide sales, with no wording on which ceiling binds. It is not law yet, and it lands on the biggest movers of data in the week Netflix touched a two-year low.

October 31, 2026 · 3 min read

Chips

Arm reports November 4 with a $2 verdict and a clause that could erase five years of Qualcomm royalties

Arm reports fiscal Q2 on November 4, five days after a single session took 11.6% off the stock. The quarter must clear a $1.38 billion revenue guide while a Delaware judge weighs a clause that could cut Qualcomm's royalties to zero for five years.

October 31, 2026 · 2 min read

Data Center

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

S&P Global Ratings cut Meta's credit outlook to negative on Friday, saying Meta's ability to monetize its AI investments is "more limited than that of its peers." The verdict landed one day after Meta closed $37.5 billion of stock offerings, money for a buildout that turned its free cash flow negative for the first time since 2012.

October 30, 2026 · 3 min read

Market snapshot

Latest on Meta

Snap faces the teen addiction trial alone after Meta settled; its Q3 lands the day opening statements begin

France voted 5.5 euro cents a gigabyte on Netflix, Google and Meta, and one word decides which cap applies

Arm reports November 4 with a $2 verdict and a clause that could erase five years of Qualcomm royalties

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

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