Meta has reported a loss of approximately 20 million daily active users across its applications this quarter, attributing the decline to ongoing internet disruptions in Iran and restrictions on WhatsApp in Russia. The company plans to spend between billion and billion this year to support AI initiatives, which is an increase from earlier projections. Meta is also facing legal challenges regarding youth safety, warning of potential material losses due to ongoing lawsuits. To manage its finances while investing in AI, Meta is reducing its workforce by laying off about 8,000 employees and canceling plans to fill 6,000 open roles.