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The Nexus
BUSINESSJul 30 · 00:40 UTCFORTUNEEva Roytburg

Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details

Meta's stock dropped 10% due to missed earnings, a 55% increase in costs, and significantly reduced free cash flow. CEO Mark Zuckerberg hinted at launching a cloud business to monetize AI infrastructure, though details remain scarce.

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