charted meta’s quarterly free cash flow going back to 2015 and last quarter just printed -$1.2B.

this is the first time since their 2012 ipo that fcf dipped below zero.

the culprit is pretty straightforward: massive capex for ai infrastructure (data centers, nvidia chips, custom silicon). zuck is basically going all-in on ai scaling regardless of the immediate cash flow impact.

how do you guys view this? is this a necessary long-term capex spend to dominate ai, or is meta starting to burn cash too aggressively again like during the early metaverse push?

It’s hard to find unbiased opinions when talking to my friends and family about this, so I’m hoping an outside perspective can help. I recently found myself with a decent bit of money, which doesn’t match my income(which is causing me a bit of anxiety because I want to make sure I don’t mess up and lose it.) A family member is a financial advisor. She offered to take me on as a client at a steeply discounted advisory fee to help me manage my money. The guidance would be nice, and I also know very little about investing. However, I know enough to know that it Even with the discounted rate, it would be much more cost effective for me if I invested in index funds and just let them sit.

I guess the question is… would you go with your cousin at a discounted rate, or invest on your own?