Meta reports second-quarter results after the close - CNBC
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- Meta reported Q2 results showing profit fell 14%, with the New York Times attributing the decline to continued AI spending.
- Meta's free cash flow dwindled to its lowest in nearly four years, and the stock tumbled on the earnings miss in a jittery market (Bloomberg, Yahoo Finance).
Why it matters: Meta's 14% profit drop and four-year low in free cash flow — reported alongside ongoing AI capex — signals to investors that the company's heavy AI investment is now visibly pressuring near-term margins and cash generation, triggering an immediate stock selloff.
