Post
jaishkumar
#MetaQ3RevenueBeat Q2 revenue reached $60.8 billion, up 28%, impressive, but free cash flow dropped to only $784 million, a 91% plunge, the lowest in four years. One quarter burned through $31.08 billion in capital expenditures with a full-year guidance of $130 billion to $145 billion.
Microsoft has Azure, Google has Cloud, Amazon has AWS, all able to sell computing power. Meta does not. So what exactly are they making money from? Advertising, or the newly launched Muse assistant?
$META $XMETA
Will Meta Platforms (META) close higher on the first full trading day after its earnings release?877K vol
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