Zuckerberg: It's stupid to sell money for short-term profits

On 30 July, after the United States stock held on 29 July local time, Meta disclosed a financial report for the second quarter of 2026, which, despite a small excess of expectations, saw a 14 per cent decline in net profits, a confluence of large AI capital expenditure squeezing cash flows and a drop of over 8 per cent after the company stock held. In the press, Meta adjusted the annual capital expenditure projections to between $130 billion and $145 billion, compared with previous projections of between $125 billion and $145 billion. The significant increase in AI capital expenditure has undermined the profitability of companies and severely squeezed cash flows, and Meta's free cash flow in the second quarter has fallen to its lowest level in almost four years, leaving only $784 million. Faced with market concerns, Chief Executive Officer Zuckerberg of Meta stated at the Press conference that Meta ' s current large-scale investment was intended to take over the AI infrastructure window, and that the return would gradually be realized through multiple paths, such as core advertising upgrades, business services and computing rental. Referring to the possibility of “calculation”, Zuckerberg stated that Meta had received a large number of offers on arithmetic at a price much higher than the company's procurement costs. However, Zuckerberg stated that it would be foolish to sell only the calculus and to earn short-term profits, and that Meta's calculus would have “a substantial part” to drive its own models and products。