Meta Shares Plunge as Spending Spree Overshadows Record Revenue

Investors delivered a harsh verdict on Meta’s latest earnings report, sending the social media giant’s market value plummeting by nearly $200 billion in a single trading session. The dramatic sell-off occurred despite the company posting impressive third-quarter revenue growth, highlighting mounting concerns about Mark Zuckerberg’s aggressive artificial intelligence investments and unexpected tax liabilities.

Meta’s core advertising business demonstrated remarkable strength during the third quarter, generating $51.24 billion in revenue—a 26% year-over-year increase that comfortably exceeded analyst projections. The company’s advertising metrics showed robust performance with a 14% increase in ad impressions coupled with a 10% rise in average ad prices.

However, these positive results were completely overshadowed by Read more...