Meta's free cash flow wiped out as AI buildout grows

Meta's free cash flow wiped out as AI buildout grows  Reuters

July 29 : Meta Platforms narrowed the range of its forecast for annual capital expenditure on Wednesday, as the social media giant doubles down on building a fleet of data centers to expand its AI computing powerShares of the company fell about 5 per cent in extended trading.The Facebook parent now expects 2026 capital