Meta FCF Collapses 91%
Meta free cash flow collapses 91% to $784M
META The worst was Meta Platforms. Core business machine never better, with advertising revenue and pricing power higher. However, the stock is down 9% because all Wall Street cares about are AI spending and free cash flow. FCF collapsed 91% to a measly $784M in the quarter.
The CAPEX guide was bumped up. 6B. - per Cramer Investing Club Newsletter