- Meta Platforms shares fell over 6% following the release of its second-quarter 2026 financial results, which missed expectations and included soft guidance for the third quarter.
- The company's free cash flow plunged 91% to $784 million, impacted by its massive AI spending plan and rising legal and severance costs.
- Despite cash flow pressures, Meta continues to expand its AI capabilities, announcing a $14 billion data-center joint venture with BlackRock in Texas.
Quotes
“A technology giant is growing faster than almost any company its size, yet the market is valuing it like a slow-moving utility.”