AICNBC1h ago
S&P downgraded Meta's outlook from stable
S&P downgraded Meta's outlook from stable to negative, citing high capex and negative free cash flow; META fell 15% in October, its worst month in four years
TL;DRS&P downgraded Meta's outlook due to massive spending and poor cash flow.
Why it matters: Investor confidence in Meta's profitability is wavering as AI capex demands mount.
Meta's outlook has been revised downward by S&P Global Ratings on concerns surrounding cash flow and AI spending.
Read full articleSource: CNBC · Opens in new tab