30 Oct 2025 | 3 Mins Read
Meta stock falls 11% after poor earnings report
Flipitmoney
Facebook parent Meta's third-quarter profits fell 83% to $2.7 billion, missing analyst expectations, due in part to an $16-billion accounting shift from US fiscal overhaul legislation. Meta shares plummeted over 11%. The company also forecast 2025 capital spending of $70-72 billion for heavy AI investments.