Meta’s Q3 Pummeled By $16 Billion, One-Time Tax Charge    ...Middle East

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Meta saw profits sink on a surprise one-time tax charge of $15.9 billion despite reporting solid underlying numbers. Shares fell 8% after-market on the earnings hit and higher that anticipated capital expenditures for 2025. Specifically, the third quarter 2025 provision for income taxes includes a onetime, non-cash income tax charge of $15.93 billion, the company […]

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