Meta shares drop 19% on weak fourth-quarter forecast and earnings miss

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Meta shares plummeted in extended trading after the company issued a weak forecast for the fourth quarter.

The company said revenue for the fourth quarter will be $30 billion to $32.5 billion. Analysts were expecting sales of $32.2 billion.

At an after-hours levels of about $108, Meta is trading at its lowest since March 2016, which was eight months before the election of Donald Trump as president. “As a result, we expect headcount at the end of 2023 will be approximately in-line with third quarter 2022 levels,” the company added in a statement.

 

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Idiot suckers burg

So the farmers didn't buy it?

In the face of serious threats of regulation, losing money may be the smartest thing they've ever done. Friggin things still a utility, thanks!!

Betamax and Microsoft Zune didn’t pan out either. Give it up Zuck. Save some cash.

Good!

FACEBOOK Sen. Cory Booker D-NJ has recd any other senator $37,000 52 other Senate campaigns recd $298,00 House raised $600,000 top brass. $37,000 Pelosi’s campaign. Joe Biden’s 2 supporting groups, received $220,000 FB top 24 employees None donated to Donald Trump’s

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