🔴 Meta is trading 7% down today as investors weigh rising AI costs

Meta is trading 6.62% down at $651.24 as investors weigh its higher AI spending outlook after its October 21 earnings.

• Revenue beat expectations, but Meta reported a $2.12 billion free-cash-flow deficit and expects $135 billion–$145 billion in annual capital expenditures.
• A $9.89 billion legal charge and a New Mexico judge’s $25 billion penalty ruling added pressure.
• Reuters linked the premarket decline to investors weighing AI growth against mounting costs.