Meta’s AI bill swallows nearly all of its free cash flow as profit falls 14%

Meta Platforms Inc.’s shares fell more than 8% in after-hours trading today after the social networking company beat revenue expectations for its fiscal 2026 second quarter but missed badly on earnings as costs rose 55%. For the quarter that ended on June 30, Meta reported diluted earnings per share of $6.18, down from $7.14 in […] The post Meta’s AI bill swallows nearly all of its free cash flow as profit falls 14% appeared first on SiliconANGLE .