tags. Use Italian conventions: numbers with dots for thousands? In Italian, use dots for thousands and commas for decimals? Actually in Italian, the decimal separator is comma, thousands separator is dot. But original uses commas for thousands and dot for decimals? Original: $60.801 billion (with dot as thousands separator? Actually in US, comma is thousands, dot is decimal. But here it's $60.801 billion - that's 60.801 billion, i.e., 60,801,000,000. In Italian, we would write 60,801 miliardi? Actually billion in Italian is miliardo (plural miliardi). So 60.801 billion = 60,801 miliardi? But careful: In Italian, the dot is used as thousands separator, so 60.801 would be 60 thousand 801? That's wrong. Better to write "60,8 miliardi" if it's 60.8 billion? Original says $60.801 billion - that's 60.801, not 60.8. Actually it's 60.801 billion, meaning 60,801,000,000. In Italian, we can write "60,801 miliardi di dollari" (using comma as thousands separator? Actually in Italian, the thousands separator is a dot, so it would be 60.801 miliardi. But that might confuse because dot is also used for decimals. To avoid confusion, often in Italian financial texts they use a space or just write the number in words. I'll use "60,801 miliardi di dollari" with a comma as thousands separator? That's not standard Italian. Standard Italian uses dot for thousands and comma for decimals. So 60.801 miliardi would be 60 thousand 801 miliardi? That's nonsense. Actually 60.801 miliardi means 60.801 * 1e9 = 60,801,000,000. In Italian, the number 60,801,000,000 is written as 60.801.000.000 (with dots). So "60.801 miliardi" is ambiguous. Better to write "60,8 miliardi" if it's 60.8 billion? But original says 60.801, so it's 60.801 billion, not 60.8. However the title says "60.8B" which is 60.8 billion. The article body says $60.801 billion. So we have a discrepancy. The title says 60.8B, body says 60.801B. I'll follow the body: 60.801 billion. In Italian, I'll write "60,801 miliardi di dollari" using a comma as thousands separator? Actually, in Italian, the decimal comma is used, so 60,801 would be 60.801? No, 60,801 with comma is 60.801? That's confusing. I think it's safer to write "60,801 miliardi" but note that in Italian, the comma is the decimal separator, so 60,801 would be 60.801 (sixty point eight zero one). That's not correct. Actually, in Italian, the number 60,801 (with comma) is read as "sessanta virgola ottocentouno" meaning 60.801. But we want 60,801,000,000. So we need to write it as "60.801 miliardi" (with dot) or "60 miliardi e 801 milioni"? That's too long. I'll use "60,801 miliardi" but clarify: In Italian financial reporting, they often use a dot as thousands separator, so 60.801 miliardi means 60,801,000,000. I'll go with that: "60.801 miliardi di dollari". For the title, "60,8 miliardi" (with comma) is fine because it's 60.8. I'll adjust.
Let's translate the content:
First paragraph: "Meta reported $60.801 billion in revenue for the second quarter of 2026, a 28% jump from a year earlier. But the company's free cash flow — the money left after covering operating costs and capital investments — came in at just $784 million, a fraction of the top line. The gap reflects a massive spending spree on data centers, AI infrastructure, and long-term bets that are eating into cash reserves."
Italian: "Meta ha riportato 60.801 miliardi di dollari di ricavi per il secondo trimestre del 2026, con un aumento del 28% rispetto all'anno precedente. Ma il free cash flow dell'azienda — il denaro rimasto dopo aver coperto i costi operativi e gli investimenti in conto capitale — è stato di soli 784 milioni di dollari, una frazione del fatturato. Il divario riflette una massiccia ondata di spese per data center, infrastrutture AI e scommesse a lungo termine che stanno intaccando le riserve di liquidità."
Second paragraph: "Revenue growth and the cash crunch" -> "Crescita dei ricavi e la stretta di cassa" (or "la carenza di liquidità"). Content: "Cash from operations hit $31.862 billion in Q2, a healthy number by most standards. But Meta spent $30.116 billion on property and equipment, plus another $962 million in finance-lease principal payments. That left free cash flow at less than 1.3% of revenue. The core advertising business remains strong — the 28% revenue growth is well above what many analysts expected — but the company is plowing nearly all its operating cash back into capital projects."
Italian: "Il flusso di cassa operativo ha raggiunto 31.862 miliardi di dollari nel secondo trimestre, un numero sano per la maggior parte degli standard. Ma Meta ha speso 30.116 miliardi di dollari in immobili, impianti e attrezzature, più altri 962 milioni di dollari in pagamenti di capitale per leasing finanziari. Ciò ha lasciato il free cash flow a meno dell'1,3% dei ricavi. Il core business pubblicitario rimane forte — la crescita dei ricavi del 28% è ben al di sopra di quanto molti analisti si aspettassero — ma l'azienda sta reinvestendo quasi tutto il suo flusso di cassa operativo in progetti di capitale."
Third paragraph: "Reality Labs' mounting losses" -> "Le crescenti perdite di Reality Labs". Content: "Meta's Reality Labs division, which builds virtual and augmented reality hardware and software, generated just $431 million in revenue during the quarter. Its operating loss widened to $4.619 billion. That means the unit is burning through more than $10 for every dollar it brings in. The division has yet to show a path to profitability, and the losses are a major drag on overall earnings."
Italian: "La divisione Reality Labs di Meta, che produce hardware e software per la realtà virtuale e aumentata, ha generato solo 431 milioni di dollari di ricavi durante il trimestre. La sua perdita operativa si è ampliata a 4.619 miliardi di dollari. Ciò significa che la divisione sta bruciando più di 10 dollari per ogni dollaro che incassa. La divisione non ha ancora mostrato un percorso verso la redditività, e le perdite sono un grave freno agli utili complessivi."
Fourth paragraph: "What the guidance says" -> "Cosa dice la guidance". Content: "For the third quarter, Meta expects revenue between $61 billion and $64 billion. Full-year expenses are forecast at $165 billion to $169 billion, and capital expenditures — including finance-lease principal — are projected at $130 billion to $145 billion. That capex range is enormous, roughly double what the company spent in 2024. The guidance suggests Meta sees no letup in its infrastructure push, even as investors start to question the payoff."
Italian: "Per il terzo trimestre, Meta prevede ricavi tra 61 e 64 miliardi di dollari. Le spese per l'intero anno sono stimate tra 165 e 169 miliardi di dollari, e le spese in conto capitale — inclusi i pagamenti di capitale per leasing finanziari — sono previste tra 130 e 145 miliardi di dollari. Questo intervallo di cape
