WSJ: Meta board clashes with Zuckerberg over out-of-control AI spending
Meta's board of directors is in open conflict with CEO Mark Zuckerberg over his demands for a large stock-based pay package amid runaway AI spending. Some directors threatened to resign, and Meta posted negative free cash flow of $2.12 billion in Q3 2026 — its first since 2012.
- Meta stock has fallen more than 13% over the past month
- Q3 2026 free cash flow was -$2.12 billion
- Three directors prepared a contingency plan including board resignations
- First negative free cash flow since 2012
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