FinanceCNBC Techabout 2 hours ago
Meta Stock Sinks 6% on AI Spending
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Meta shares fell 6% Thursday after the company reported negative free cash flow of $2.12 billion and raised its full-year capital expenditure floor to $145 billion. Revenue jumped 26% to $64.60 billion, beating the $63.37 billion analyst expectation. CEO Mark Zuckerberg stayed in California following a new Class C stock plan designed to offset potential wealth tax liabilities.
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