Meta Shares Rise 10% on New CMO and First Chief Data Officer

On July 1 2026 Meta announced Denise Moreno as chief marketing officer and Alex Schultz as its first chief data officer, triggering a 10% share rally. The leadership shift, confirmed across multiple reports, underscores Meta’s accelerating AI integration and data-driven strategy. It coincides with a Bloomberg disclosure that the company is building a cloud business to monetize excess AI compute capacity while planning up to $145 billion in AI infrastructure spending this year.