Meta Stock Plunges as Profits Take $16B Tax Hit From Trump's 'One Big Beautiful Bill'

1. Meta reported EPS of $1.05, below analyst expectations of $6.70. 2. A $15.93 billion tax charge affected Meta's third-quarter profits significantly. 3. Revenue rose 26% year-over-year to $51.24 billion, exceeding forecasts. 4. Capital expenditures guidance increased, now between $70 billion to $72 billion. 5. Meta expects Q4 revenue between $56 billion and $59 billion, outpacing analyst consensus.