The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Meta → unnamed vendor(s)

Meta Platforms' Form 8-K dated January 28, 2026 (Exhibit 99.1, earnings release) states that in its CFO outlook it anticipates 2026 capital expenditures, including principal payments on finance leases, to be in the range of $115-135 billion, with year-over-year growth driven by increased investment to support its Meta Superintelligence Labs efforts and core business (an expected range). (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

low confidence · as of 2026-01-01T00:00:00Z ·

Meta Platforms' Form 8-K dated January 28, 2026 (Exhibit 99.1, earnings release) states that in its CFO outlook it anticipates 2026 capital expenditures, including principal payments on finance leases, to be in the range of $115-135 billion, with year-over-year growth driven by increased investment to support its Meta Superintelligence Labs efforts and core business (an expected range). (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)


the working

Basis

Meta Platforms' Form 8-K dated January 28, 2026 (Exhibit 99.1, earnings release) states that in its CFO outlook it anticipates 2026 capital expenditures, including principal payments on finance leases, to be in the range of $115-135 billion, with year-over-year growth driven by increased investment to support its Meta Superintelligence Labs efforts and core business (an expected range). (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

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