Meta stock sinks 6% as AI spend pushes free cash flow negative
Prices for the social media giant's 5-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
CNBC reports that prices for the social media giant's 5-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
This technology story centres on the United States.
Why it matters
Changes in the tech sector often reach consumers quickly through the devices, apps and online services they use every day.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- AI
- Section
- Technology
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
OpenAI, Anthropic, and Nvidia had record lobbying quarters
Anthropic, OpenAI, and Nvidia each had their highest-spending lobbying quarter between July and September, federal disclosures show.
AI stocks tumble as the defensives rise. What it says about this uneasy market
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Spotify’s current AI bet is about being the music service that agents choose
Spotify co-CEO Gustav Söderström explains why the rise of AI agents could be good news for the music service.
Bill Gates says to prepare for 20 years of ‘tumultuous’ AI disruption
Today, I’m talking to Bill Gates, cofounder and former CEO of Microsoft and chairman of the Gates Foundation.
Utah DT Wallace under rape investigation, allegedly sent videos on social media
Utah senior defensive tackle Jamal Wallace is under investigation for the alleged rape of a woman in which he is also accused of sharing videos of…
Tesla is prepping a Cybercab onslaught
The company is looking to roll the gold two-seater robotaxis out to other U.S. cities this year, even as it goes mum on the number of paid rides.
Trump Says Google CEO Rejected His Request to Rename Atlantic Ocean on Google Maps
President Donald Trump, who has already renamed two bodies of water after America, said he would like to redub the Atlantic Ocean as well — but that…
Apple’s Magic Keyboards for iPad are about half off, with a small catch
You can outfit your iPad Air or iPad Pro with one of Apple’s slick Magic Keyboards for considerably less than the accessory usually costs at Woot.