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via seekingalpha.comMarkets

Meta on track for third consecutive drop of over 5% after earnings

FROM THE WIRE · SEEKINGALPHA.COM

Meta stock tumbles after earnings as rising costs, Reality Labs losses, and negative free cash flow overshadow record revenue.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap falling repeatedly after results signals concern over costs and free cash flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta stock tumbles after earnings despite record revenue.
  2. 02Rising costs and Reality Labs losses weigh on the stock.
  3. 03Free cash flow is negative.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Meta Platforms, Inc.METAStock651.10 USD-1.32%today -6.66%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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