Zuckerberg says Meta's bets on reorganization 'haven't come to fruition'

Summary

CNBC's Julia Boorstin reports leaked comments from a Meta internal town hall where CEO Mark Zuckerberg acknowledged that its AI agent development is behind schedule and reorganization efforts have not paid off. The news sent Meta shares down 4.5%, adding to recent analyst skepticism about whether the company's huge AI spending, including a new enterprise cloud AI push, will generate adequate returns.

• Mark Zuckerberg told a Meta town hall that AI agent development hasn't accelerated as expected and reorganization bets haven't come to fruition.
• Meta's stock fell about 4.5% following the leaked internal comments.
• The remarks come a day after reports of Meta moving into enterprise cloud AI, which some analysts celebrated as a new revenue stream.
• Other analysts see red flags, questioning whether the extra cloud capacity signals that Meta's own AI tools are underperforming.
• Meta's capex plan of up to $145 billion this year is under scrutiny, with concerns about whether returns will justify the spending.