Facebook Earnings: 3 Big Disappointments
Facebook is mortal.
Shares of Facebook parent Meta Platforms (NASDAQ: FB) crashed Wednesday night after profits in the quarter fell more than expected and it called for first-quarter revenue growth to be well below its usual breakneck pace, forecasting a top-line increase of as low as 3%. Previously, the only time its revenue growth had dipped below 20% was when the pandemic first hit.
The 26% sell-off Thursday might be hard to stomach, but it's clearly deserved. Let's take a look at three of the most glaring disappointments in Meta's fourth-quarter earnings report.
Source Fool.com
