Meta cash flow collapses as AI bill hits $145-billion
Meta CEO Mark Zuckerberg. Carlos Barria/Reuters Meta Platforms reported a 91% plunge in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff. The Facebook and Instagram parent company reported free cash flow of US$784-million in the second quarter ended 30 June, down…