Meta outlook revised to negative by S&P on cash flow and capex concerns

What happened: S&P Global Ratings revised Meta's outlook to negative, citing the company's hefty capital expenditures and concerns about free cash flow. Why it matters: The negative outlook signals rating agency concern about how Meta's spending levels affect its cash generation.

S&P Global Ratings revised Meta's outlook to negative, citing the company's hefty capital expenditures and concerns about free cash flow.

The negative outlook signals rating agency concern about how Meta's spending levels affect its cash generation.