Reported about 9 hours ago
Meta Platforms' stock fell nearly 6.5% in after-hours trading following its third-quarter earnings report, which, while exceeding revenue expectations, revealed a significant year-over-year earnings loss from a nearly $16 billion tax charge. Analysts highlight concerns over the company's elevated expenses and question the return on investment for its increased capital expenditures, particularly related to AI and non-core investments.
Source: YAHOO