Meta shares fall 7% as revenue rises, daily users lag

Meta raises spending forecast to $145B

Meta is now planning to spend even more, raising its forecast up to $145 billion thanks to pricier tech and data center needs.
To save money, it's laying off more than 8,000 people and putting a freeze on hiring for another 6,000 jobs, expected to save $3 billion.
Investors are watching closely as Meta tries to balance big ambitions with tighter budgets.