Meta Platforms (META) stock is down almost 10% in the pre-market this morning. Of everything Meta said this quarter, the real story wasn’t the revenue beat or the one-time tax charge that crushed reported net income. It was this: the company just committed to spending $70-72 billion on capital expenditures in 2025. That’s a 93% … Continue reading Meta Sacrifices Near-Term Cash Flow to Outspend Rivals on AI Build-Out