That could bring Meta’s total expenses to around $150 billion in 2026—nearly triple what the company spent just five years ago. With his controlling share, Zuckerberg has the luxury of fully calling the company’s shots. He still can’t afford to miss.

Microsoft significantly exceeded earnings expectations for the June quarter and disclosed its standalone annual Azure revenue for the first time — providing new clarity into how it stacks up against Amazon and Google in the cloud.

The tech giant released financial results for its fourth fiscal quarter, which ran from May through the end of June, on Wednesday and exceeded Wall Street estimates. Microsoft reported $76.4 billion in revenue with $27.