Meta says it expects its capex for FY2025 to be $64B to $72B, an increase from its prior expectation of $60B to $65B (Todd Spangler/Variety)

Todd Spangler / Variety:
Meta says it expects its capex for FY2025 to be $64B to $72B, an increase from its prior expectation of $60B to $65B  —  Social-media giant Meta isn't forecasting a slowdown in business at this point, handily topping Wall Street expectations for the first quarter and issuing Q2 guidance within analyst forecasts.