Meta Shares Drop 12% After Trump's Megabill Casts $16 Billion Tax Charge
1. META shares dropped over 12%, marking its largest loss in years. 2. Q3 EPS was $1.05, significantly below projected $6.72 from Wall Street. 3. A $15.9 billion tax charge drastically affected earnings expectations. 4. META expects reduced federal cash tax payments for 2025 and beyond. 5. CEO plans for increased capital expenditure, focusing on AI advancements.