July 29 : Meta Platforms reported a precipitous 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter

Big Tech's AI capex boom is wiping out free cash flow. Discover how data center spending is changing tech investing forever.

Meta stock is limping into the Facebook parent company's Q2 earnings report. Wall Street will be focused on Zuckerberg's AI plan.