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BREAKING 🚨: Meta $META posted negative free cash flow for the first time in history 👀

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The Q3 filing has the other half of that. Long-term debt went from $58.74B at the end of 2025 to $80.92B, and 2026 capex is guided at $135-145B. The new non-voting Class C is partly about raising money for that without diluting Zuckerberg's votes.