Meta’s free cash flow plunged 91% in Q2 as the company ramps up AI spending, with its $145 billion infrastructure push weighing on finances despite strong ad revenue growth and rising user numbers

Meta’s revenue rose 28% to $60.8bn, but profit fell 14% and free cash flow collapsed 91% to $784m as its AI build-out costs climbed. The stock dropped.

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…