Daily Maverick
Daily Maverick
Africa · 3 hrs ago

Meta cash flow craters as Zuckerberg doubles down on AI spending

July 29 (Reuters) - Meta Platforms reported a 91% 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.
Daily Maverick
Do you trust Daily Maverick?
Sign in to rate
Discussion
?

No comments yet — be the first to start the discussion!