Meta's AI push rattles markets as cash flow shrinks
TL;DR Summary
Meta logged a 91% plunge in second-quarter free cash flow to $784 million as AI investment accelerates, while revenue rose 28% to $60.8 billion, prompting a 10% after-hours stock drop. The company also raised 2026 capex guidance to $130–$145 billion amid plans to expand data centers, and faces ongoing legal scrutiny over youth-safety issues that could impact results.
Topics:top-news#artificial-intelligence#business#capital-expenditure#earnings#free-cash-flow#meta-platforms
- Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street New York Post
- Meta's stock drops on disappointing guidance, dwindling free cash flow cnbc.com
- Meta misses on Q2 earnings, stock tumbles Yahoo Finance
- Meta’s Profit Falls 14 Percent as A.I. Spending Continues The New York Times
- Meta’s Free Cash Flow Dwindles to Lowest in Nearly Four Years Bloomberg.com
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