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Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at cloud business - Fortune

Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at cloud business - Fortune

Meta’s quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arms race.

The AI trade is coming to a realization: Americas best businesses are turning into utilities.Such is the fate that befalls Meta, whose shares fell as much as 10% in after-hours trading Wednesday afte… [+4713 chars]

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