Meta stock sinks nearly 7% as AI spend pushes free cash flow negative
Summary
Meta shares declined six percent after heavy artificial intelligence spending caused free cash flow to turn negative. At the same time, the cost of the tech giant's five-year credit default swaps reached record levels, reflecting mounting anxiety among investors regarding the company's financial health.
Prices for the social media giant's five-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
Source: Read the full story at US Top News and Analysis
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