Meta's $66.58 Billion Trading Day Sees 7th Place Ranking Amid $10 Billion AI Push

On June 11, 2025, Meta's trading volume reached $66.58 billion, ranking seventh in the day's stock market activity. Meta (META) shares fell by 1.18%.

Meta Platforms Inc. is making a significant push into artificial general intelligence (AGI) with a $10 billion investment and the formation of a new elite AI team. CEO Mark Zuckerberg is personally leading this initiative, frustrated with the company's current AI progress. He aims to develop AI systems capable of performing human-level tasks across various domains.

Zuckerberg has been hosting top AI researchers and engineers at his California homes, pitching his vision directly to them. Around 50 new hires will form a group operating under his supervision at Meta's headquarters in Menlo Park. The company is also planning a $10 billion investment in Scale AI, a specialist in training data for large language models, to accelerate the development of more robust AI models.

Meta's latest AI model, Llama 4, reportedly fell short of internal performance expectations, prompting Zuckerberg to reassert control over the company's AI direction. He has created a WhatsApp group chat among top executives to discuss potential new team members, indicating the high stakes involved. Zuckerberg sees this moment as pivotal, leveraging Meta's financial strength from its ad business to invest in AI infrastructure, including data centers.