Meta Shares Fall 6% as AI Spending Drives Free Cash Flow Below Zero
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Meta shares fell about 6% after third-quarter free cash flow reached negative $2.12 billion and the company raised the lower end of its 2026 capital-spending forecast to $135 billion, leaving the upper limit at $145 billion. Revenue rose 26% to $64.60 billion, beating analysts’ $63.37 billion estimate.
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