---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000952856.md"
description: "$Meta Platforms(META.US) just burned cash for the first time since its 2012 IPO yearFree cash flow came in at negative $2.12B in Q3, down from positive $10.63B a year agoCapex hit a record $34.91B, more than the $32.79B Meta generated from operationsThat's 54% of revenue going straight into servers and data centersMeta narrowed its 2026 capex outlook to $135B to $145B, raising the low end from $130B, and gave no 2027 number yetShares fell nearly 7% after the report and the 5 year credit default swap spread on $Meta Platforms(META.US) hit an all time highThis isn't a cash crunch. Revenue is still growing 26% and Meta has $82.45B on hand. But one of the greatest cash machines ever is now spending every dollar it makes on AI, and the market wants proof it pays offSource: StockMarket.News"
datetime: "2026-10-24T02:15:12.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000952856.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000952856.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000952856.md)
author: "[StockMarket.News](https://longbridge.com/en/profiles/21806507.md)"
generator: "portal-rs"
---

# $Meta Platforms(META.US) just burned cash for the …


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**