🇺🇸 Meta spent more cash than it made for the first time since going public, and the stock has dropped nearly 8% since
The ads business is still printing money, with revenue up 26% to $64.6 billion, but Meta poured $34.9 billion into its AI buildout in three months and only brought in $32.8 billion.
Then come the lawyers, with a $25 billion New Mexico penalty under appeal stacked on a settlement with 47 states that could reach $17 billion.
With up to $145 billion in spending planned this year, Meta’s AI has to start paying for itself fast, or shareholders are funding the world’s most expensive science project😅
Source: Yahoo Finance / Writer: Daniel
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Simpleton @Simplet10696477 ·
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@MarioNawfal Since when is a corporate cap-ex project required to show an immediate profit/return? Refineries, Planes from BA, most mergers, don't have that rule.
































































