Meta shares drop as much as 10% in extended trading…cash flow plunges
META Meta Platforms Inc
$538.50 -8.04%
차트·분석 보기 → - 1Meta (META) shares fell as much as 10% in extended trading on Wednesday after missing estimates amid a 55% surge in costs.
- 2Free cash flow in the second quarter came in at just $784 million, and capital expenditure nearly doubled year-on-year to $31.1 billion.
- 3Zuckerberg confirmed plans to push into cloud, and raised the annual capex outlook to between $130 billion and $145 billion, signaling additional losses in the remaining quarters.
This 3-line summary is compiled from the report below.
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