Meta Shares Drop 9% Despite Strong Earnings Beat and Rising Revenue
Meta stunned markets on earnings day. The company reported record revenue, yet Meta Shares tumbled about 8% to 9% after hours. The reason was not top-line weakness; it was a nearly $16 billion one-time, non-cash tax charge and a sharp push toward higher AI spending. Investors cheered the sales numbers, then sold on the profit hit and rising costs.
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