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Facebook Parent To Pull Back on Some Investments as Tailwinds From Pandemic Begin To Taper

Meta Prepares for Slowing Growth, Long-Term Priorities in Pursuit of ‘Metaverse’
The company's main headquarters in Menlo Park, California. It spent more than $5.5 billion through the first quarter on capital expenditures such as data centers and its global office portfolio. (iStock)
The company's main headquarters in Menlo Park, California. It spent more than $5.5 billion through the first quarter on capital expenditures such as data centers and its global office portfolio. (iStock)
CoStar News
April 28, 2022 | 12:53 AM

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Facebook's parent company is reprioritizing some investment plans as the social media giant navigates economic and political storms threatening to slow shorter-term growth, a move that could affect spending on real estate.

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