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Meta cash flow craters as Zuckerberg doubles down on AI spending
July 29 : Meta Platforms reported a 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 amid an uncertain payoff.The Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter
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investors.com
Meta Earnings On Deck. How High Will Zuckerberg's AI Spending Go?
Meta stock is limping into the Facebook parent company's Q2 earnings report. Wall Street will be focused on Zuckerberg's AI plan.
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apnews.com
Meta shares drop as Q2 profit declines due to legal expenses and severance costs
Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its…
