Meta (META): A $31B server habit vaporizes free cash flow [Q2 2026]

Meta’s core advertising engine is humming in Q2 2026, but the company's insatiable $31 billion appetite for physical data centers just completely swallowed its free cash flow.In ~10 minutes:- Why Meta abruptly halted all share repurchases- Issuing $25 billion in debt to feed the AI infrastructure build- Zuckerberg's surprise pivot to renting out excess compute- How WhatsApp bots are driving real-world enterprise bookingsWall Street punished the stock after hours as Meta effectively traded its high-margin software playbook for a heavy-industry construction model. We break down the BlackRock joint venture, the surging long-term debt profile, and why management believes they must secure model sovereignty at any financial cost.Meta Platforms, Inc. (META) | Q2 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.