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.
Reality Labs, the unit that includes the viral connected glasses, lost another $4.6B. - per Cramer Investing Club Newsletter