AITechStartupsabout 1 hour ago
Meta free cash flow plunges 91% on AI spending
1 min read
Meta's second-quarter profit fell 14% to $15.85 billion as free cash flow dropped 91% to $784 million. The company spent heavily on AI infrastructure and incurred $2.4 billion in legal expenses and $1.18 billion in severance costs. Shares fell 4.2% in after-hours trading.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyMeta
Summary by ByteBrief
