Meta shares fall about 6% as investors weigh cash flow and capex
Meta shares eased about 6% on Thursday amid concerns over negative free cash flow and higher baseline capital expenditure projections. The report says the company posted negative free cash flow but ends before giving further details.
Meta Platforms (META) shares slipped about 6% on Thursday as investors grew concerned about negative cash flow at the Instagram owner and elevated capital spending to support its AI plans. The social media company reported negative free cash flow and raised its baseline capital expenditure projections in its…