Feb 19 (Reuters) - Meta reduced its annual
distribution of stock options by about 5% for most of its staff,
as CEO Mark Zuckerberg ploughs billions of dollars into its
artificial intelligence goals, the Financial Times reported on
Thursday.
The Facebook parent did not immediately respond to a request
for comment. Reuters could not independently verify the report.
Meta and other Big Tech companies are competing to outbuild
each other with massive data centers to get ahead in Silicon
Valley's heated AI race.
The social media company expects capital expenditure for
2026 to be between $115 billion and $135 billion.
Meta has slashed equity-based awards for the bulk of its
employees for the second year in a row, the report said, citing
people familiar with the matter.
Last year, the company had cut the stock award by roughly
10%, which shocked some staff at the time, according to the
report.