$META Free Cash Flow Collapses 91% as AI Spending Surges

Meta reported Q2 free cash flow of just $784 million , down 91% year over year and its lowest level since Q3 2022.
The sharp decline was driven by massive capital expenditures on AI infrastructure, intensifying concerns over the near-term cost of $META’s buildout.
Shares fell more than 10% in after-hours trading and are now down approximately 34% from their all-time high