Meta Platforms shares fall despite third-quarter earnings beating expectations
META Meta Platforms Inc
$642.62 -0.96%
View chart & analysis → - 1Meta Platforms revenue reached $64.6 billion, marking a 26% year-over-year growth rate.
- 2Free cash flow turned to negative $2.1 billion, causing Meta shares to fall more than 7% on Thursday.
- 3Meta plans to issue a new type of non-voting stock to support growth.
So what's the key point?
Meta Platforms recorded $64.6 billion in revenue. The stock price fell by more than 7% as cash flow turned negative.
Source The Motley Fool +1 · View original ↗
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