Overview
- Meta reported a year‑over‑year free cash flow collapse to $784 million and an earnings‑per‑share miss that traders blamed for renewed investor concern.
- The company raised its capital‑spending outlook to $130 billion–$145 billion for the year, putting pressure on margins and valuation.
- Shares tumbled after the results, erasing roughly 8% in market value and knocking about $18 billion off Mark Zuckerberg’s net worth.
- Zuckerberg told analysts the firm is “progressing” toward delivering what he called personal superintelligence and said new AI products are expected this year while Meta cites roughly one billion monthly users for its Meta AI assistant.
- Reporters say Meta is taking unconfirmed offers to sell or rent excess AI compute and building a cloud‑style business to try to convert large infrastructure costs into cash, but no public deals have been announced and investors remain skeptical given past heavy losses in Reality Labs.