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HomeBusinessMeta cash flow craters as Zuckerberg's AI spending spree accelerates

Meta cash flow craters as Zuckerberg’s AI spending spree accelerates

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

Read full story on Channel Newsasia

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