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Here's Why Meta Stock Is Down Despite Big Earnings Beat

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Lindsey Choo is a reporter and editorial fellow at Forbes. She previously wrote about technology for The Wall Street Journal, Fast Company and Politico's tech news site Protocol. She also contributed to Platformer News, a newsletter focused on the intersection of Silicon Valley and democracy.

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Shares of Meta Platforms fell by more than 3% as the company reported earnings and revenue that beat Wall Street expectations Wednesday.Meta reported $6.03 earnings per share and $40.5 billion in revenue in the third quarter of 2024, compared to analyst expectations of $5.22 earnings per share and $40.2 billion in revenue, according to FactSet.

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