Meta

Iran's demands for fees on undersea cables in the Strait of Hormuz have severely disrupted global internet connectivity and halted major repair efforts. As a result, tech companies and Gulf nations are urgently pivoting to developing overland fiber routes to ensure continued data flow between the Gulf and Europe.

Iran's demands for fees on undersea cables in the Strait of Hormuz have severely disrupted global internet connectivity and halted major repair efforts. As a result, tech companies and Gulf nations are urgently pivoting to developing overland fiber routes to ensure continued data flow between the Gulf and Europe.

Meta reported record revenue in Q1 2026, but this success is coupled with major layoffs of 8,000 employees. The company is aggressively redirecting profits and capital expenditure toward massive AI infrastructure buildouts, signaling a drastic corporate pivot.