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HomeBusinessMeta cash flow craters as Zuckerberg doubles down on AI spending

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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