How much has Meta lost on the Metaverse?
Meta pulls in more than $100 billion a year from its core apps: Facebook, Instagram, WhatsApp. That business prints money. And yet,...
$83.6B
Author
Nate Ellery
Nate Ellery covers money in the present tense: what is being spent, moved and decided now. He started reading official documents out of curiosity and turned it into his job.
World Cup 2026: How Much Every Team Earned, Worst to First
Forty eight teams. A hundred and four matches. One single prize of $50 million. That is what the 2026 World Cup looks...
$871M
TSMC Made the Largest Foreign Investment in US History
On July 16, TSMC confirmed a $100 billion expansion of its investment plan in the United States. Its total commitment in the...
$265B
The 2,177-Kilometer Train that’s going to cost more than Portugal’s entire economy
Some projects get measured in miles. Others get measured in years of delay. The Gulf Railway, the GCC Railway, gets measured in...
$250B
The train that was supposed to cost $33B is now at $128B
In 2008, California voters approved a $9.95 billion bond to link San Francisco and Los Angeles in under three hours, according to...
$126.1B
Inside the Most Expensive World Cup in History
The FIFA World Cup 2026, currently taking place in Mexico, the United States, and Canada, is not only the edition with the...
$3.756B
The “LVMH” Burger Deal: What Goiko Cost Per Restaurant, and How It Ended
The headlines in June 2018 said the richest man in France had bought a Spanish burger chain. The buyer was a fund, the price was about $140 million, and the deal ended with the lender in charge.
$140M (€120M)
Volkswagen’s $193B Electric Plan: What It Covered, and Why It Shrank
In March 2023, Volkswagen put €180 billion behind its next five years. The figure is often described as a decade-long electric bet. The company's own planning rounds show what it covered, and how it has been cut since.
$193B (€180B)
Pfizer’s $43B Bet to Refill Its Pipeline Before the Patent Cliff
Pfizer's largest purchase in years cost $43 billion. Its own filings show the size of the hole it was bought to fill, and how much it still spends each year on research to fill the rest.
$43B
Microsoft’s $80B AI Year: What It Announced and What It Spent
On January 3, 2025, Microsoft said it would spend $80 billion on AI-enabled datacenters in a single fiscal year. Its quarterly reports show what actually went out the door.
$80B