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Meta appoints Dina Powell McCormick, a prominent banking executive and former Republican official, as president and vice chair, reporting to Mark Zuckerberg

Dina Powell McCormick, a prominent banking executive and former Republican official, is joining Meta full-time as president and vice chairman …

Axios Sara Fischer

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Discussion

  • @sarafischer Sara Fischer on x
    #BREAKING on @axios: @Meta has tapped @DinaPowellMcC, longtime banker, former Trump Admin official and wife of Republican @SenMcCormickPA, as #President and Vice Chair — She'll report directly to @finkd — She'll help the company “build new strategic capital partnerships” as it
  • @shakeelhashim Shakeel on x
    Interesting that Meta lined up a quote from Jamie Dimon on this hire: [image]
  • NewsMax.com NewsMax.com on x
    Former Trump Adviser Dina Powell McCormick Joins Meta as President, Vice Chairman
  • @pmarca Marc Andreessen on x
    I'm delighted to work with Dina in her new leadership role at Meta — she's contributed tons as a director, and we're thrilled to have her 100% in for the next phase of Meta's growth. 💪🚀
  • @amitisinvesting Amit on x
    $META so...Zucks going after GCP, AWS, and Azure now? makes sense...all this extra compute...can easily monetize it with the seeming unrelenting demand meta becomes a cloud play? [image]
  • @meghanbobrowsky Meghan Bobrowsky on x
    Now we know what Daniel Gross is doing at Meta: working on a new AI infrastructure initiative alongside new Meta president Dina Powell McCormick and longtime Meta exec Santosh Janardhan [image]
  • @davemccormickpa Dave McCormick on x
    I am incredibly proud of my wife Dina and all that she has accomplished. She's incredible! Congratulations, Dina! https://www.axios.com/...
  • @joshinvestsai @joshinvestsai on x
    $IREN This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in
  • @mvcinvesting M. V. Cunha on x
    🚨 VERY bullish news for AI infrastructure stocks. Mark Zuckerberg just announced a new top-level initiative called Meta Compute. $META plans to build “tens of GWs this decade, and hundreds of GWs or more over time.” I wouldn't be surprised to see another contract with $NBIS. [ima…
  • @vicinvesting @vicinvesting on x
    $META has been down quite a lot over the past few months mainly because of higher-than-expected AI CAPEX outlook, which will impact its margins and FCF in the coming quarters. In my view, this is a temporary headwind. Meta's core social media and advertising business fundamentals…
  • @tyler__palmer Tyler Palmer on x
    @amitisinvesting Meta getting into cloud compute was destined to happen. Helps de-risk the overbuild.
  • @hd_nvim @hd_nvim on x
    @amitisinvesting Yet the announcement barely includes hints about Monetization. except “Daniel will (be)... responsible for .... business modeling”
  • @eric_seufert Eric Seufert on x
    Interesting hint at what Meta perceives as roadblocks to growth. [image]
  • @davekeating.substack.com Dave Keating on bluesky
    Trump has just effectively taken control of Meta, which owns Facebook, Instagram and Whatsapp.  —  You should assume that anything you say on these sites, publicly or privately, is being seen by the regime and can be used against you.