Meta Just Burned Cash for the First Time Since Its IPO Year: Wall Street Raised Its Targets Anyway
Meta free cash flow turned negative at -$2.12 billion in the third quarter as capex topped operating cash. Wall Street still lifted price targets.
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Why It Matters
Meta spent more money than it made this quarter for the first time. Wall Street still thinks the company's future is bright and worth more.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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