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Meta's Q3 FCF Turns Negative On AI Spend—Q4 Capex Implied At $49B-59B
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Meta Platforms, Inc. (NASDAQ:META) reported free cash flow that moved from positive $10.625 billion in the third quarter of 2025 to negative $2.120 billion in 2026, a $12.745 billion swing by DFB calculation. Operating
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