Meta Lowers 2023 Capex Guidance Range From $30B-$33B To $27B-$30B
Portfolio Pulse from Bill Haddad
Meta Platforms Inc. has reduced its capital expenditure (Capex) guidance for 2023 from the range of $30 billion-$33 billion to $27 billion-$30 billion.
July 26, 2023 | 8:07 pm
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Meta's decision to lower its 2023 Capex guidance could indicate a potential slowdown in growth or investment, which may negatively impact investor sentiment.
Lowering Capex guidance could be interpreted as a sign of reduced growth or investment. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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