Mike Proulx

Meta CEO Mark Zuckerberg is raising capital expenditures to at least $130 billion for AI despite investor backlash that sent shares down over 11 percent in five days, with free cash flow at its lowest…

Meta reported a 91 percent drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, as CEO Mark Zuckerberg’s AI spending spree continues to strain finances. The c…

Meta's stock cratered roughly 9% after missing profit estimates by more than a dollar, reporting $6.18 per share against Wall Street expectations of roughly $7.14, while Microsoft surged on proven AI …