Meta buys AI coding startup Conductor

Meta (META) and Sandisk (SNDK) announced their first-ever stock splits within eight days, aiming to make shares more accessible to retail investors. Meta's split involves a new share class, while Sandisk's is an eight-for-one split. Both companies are linked to AI, adding to market sentiment. Meta's split takes effect January 19, and Sandisk's on November 19.

Meta acquired AI coding startup Conductor, which will shut down its cloud service on November 20, 2026. The Conductor team will join Meta Superintelligence Labs. The local macOS app will continue to work until early 2027 but will stop receiving updates. Meta has not disclosed the acquisition price or future product plans.

Meta Platforms priced €9B in bonds, its first euro sale, with spreads 1.4x those of Alphabet. The bonds, rated Aa3 by Moody's and AA- by S&P, range from 4.300% to 6.400% yields. Meta's stock rose 1.44% to $630.00 on Nov 4. The company plans significant capital spending, and lenders view it as riskier than Alphabet.

Meta acquired AI coding startup Conductor for an undisclosed sum. Conductor's platform allows engineers to run multiple AI models in parallel. The startup will shift focus to Meta's projects and phase out its services by early 2027. Meta recently raised $15bn for AI infrastructure investments.

Meta Platforms (META) and Sandisk (SNDK) announced their first-ever stock splits. Meta will issue a one-for-one Class C stock dividend, acting as a 2-for-1 split, effective Jan. 19. Sandisk approved an 8-for-1 split, effective Nov. 19, due to high demand in AI data centers. Both splits aim to make shares more accessible to retail investors.

A Brazilian court ordered Meta to halt content collection from local media for AI training. The ruling follows allegations of election bias by President Lula. Brazil has 180M social media users and has previously taken action against tech firms. Experts anticipate increased regulation of tech companies post-Lula's reelection.