Market Movers rounded up the latest reactions to Meta from investors and analysts. The pros, including Jim Cramer , discussed the tech giant after it reported third-quarter results. With the help of digital ad spending growth, the company reported revenue increased 23%, its fastest rate since 2021.
The Facebook parent's stock popped in after hours trading Wednesday but reversed its gains after management warned of fourth-quarter ad softness due to the unpredictability of the Israel-Hamas war . Meta closed the trading session down 3.7% and is currently held in Cramer's Charitable Trust portfolio.
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