Source: press CNBC•October 23, 2026 at 06:53 AM

Meta stock sinks nearly 7% as AI spend pushes free cash flow negative

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. Meta shares slumped nearly 7% on Thursday as the social media giant showed negative free cash flow in its third-quarter earnings…

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024.

Meta shares slumped nearly 7% on Thursday as the social media giant showed negative free cash flow in its third-quarter earnings and raised the floor of its full-year capital expenditures.

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Meta stock sinks nearly 7% as AI spend pushes free cash flow negative

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