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via finance.yahoo.comBusiness & Companies

Meta beats Q3 expectations with record revenue and announces 2-for-1 stock split

FROM THE WIRE · FINANCE.YAHOO.COM

Meta (META) reported better-than-anticipated Q3 results after the bell Wednesday, with revenue hitting an all-time high. The company also announced a 2-for-1 stock split, with current stockholders getting one new Class C share for each share they own. But the most interesting…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishFor a mega-cap, better-than-expected results and a stock split can move the stock and the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta reported Q3 results better than anticipated, with revenue hitting an all-time high.
  2. 02The split gives current stockholders one new Class C share for each share they own.
  3. 03About 10 million people in the US and Canada have set up the Muse agent app.
  4. 04Zuckerberg said Muse American ARPU could eventually eclipse the company's American ARPU.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Meta Platforms, Inc.METAStock643.64 USD+0.20%today -7.72%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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