Meta Stock Plunges as Profits Take $16B Tax Hit From Trump's 'One Big Beautiful Bill'

October 29, 2025

•

1 min read

•

Investopedia

Meta shares tumbled in extended trading Wednesday after the tech giant posted earnings that missed analysts' estimates. The company blamed a one-time tax charge related to President Trump's signature "One Big Beautiful Bill."

A nearly $16 billion tax charge tied to President Trump's signature "One Big Beautiful Bill" squeezed Meta's profits in the third quarter, sending its stock reeling. Shares of Meta Platforms (META) were down 9% in extended trading Wednesday after the... [1215 chars]

Read Original Article

Source: Investopedia

Visit Source

Share this article

Twitter Facebook

Back to business news