Reported about 18 hours ago
Meta's stock took a significant hit after reporting disappointing earnings due to a nearly $16 billion tax charge related to President Trump's 'One Big Beautiful Bill.' The company's earnings per share fell 85% compared to last year, leading to a 9% decline in stock price during extended trading. Despite a 26% increase in revenue year-over-year, investors remain concerned about rising capital expenditures and whether Meta's investments in AI will yield positive results.
Source: YAHOO