Shares of Facebook parent Meta plunged more than 11 perent early Thursday after third-quarter profits missed analyst expectations.
Profits sank 83 percent to $2.7 billion following a roughly $16-billion hit from a one-time accounting shift due to a US fiscal overhaul legislation favored by President Donald Trump.
Meta also signaled it expects 2025 capital spending of $70-72 billion due to heavy AI investments.
Add Comment