Meta continues to insist AI spend is totally justified, potentially blowing over $8 billion on data centers

Meta has just reported a second quarter revenue of $60.80 billion. Though this figure represents another record-breaking year-on-year increase of about 28%, shares are reportedly down by 10%. Seems like the AI money pits may be shifting beneath Meta’s feet.The company reported it had $784 million in free cash flow by the end of Q2…