Meta has been given a negative outlook by S&P Global Ratings due to the company's hefty capital expenditures and concerns about free cash flow. Meta's outlook is revised to negative as rising AI spending and capital investment lead to negative free cash flow and record-high expenditures. Oct 30 (Reuters) - S&P Global Ratings on Friday revised its outlook on Meta Platforms to "negative" from "stable", citing significant uncertainty around the social media.