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Meta beat revenue expectations with 26% growth, but surging AI capex and negative free cash flow raise serious questions about returns on investment. A $9.9B legal charge distorted reported earnings, while Q4 guidance will determine whether strong ad growth can justify escalating AI costs. Revenue is booming, but cash generation remains the real test.
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Will Meta Platforms (META) close higher on the first full trading day after its earnings release?86K vol
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