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Archive photo · LPS.1 / Wikimedia Commons · CC0 1.0

ARCHIVE PHOTO — Entrance to Meta Platforms’ headquarters in Menlo Park, California, March 27, 2022. Company location context, not a photograph of the October 2026 rating action. LPS.1 / Wikimedia Commons / CC0 1.0. Official Commons derivative resized from the original.

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S&P turns negative on Meta’s outlook while keeping its AA- ratings

The agency questions the timing of AI returns as investment absorbs cash. Meta disputes its assessment; an outlook change is different from a rating downgrade.

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