Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Meta Platforms Stock Crashed (Again) Monday Morning

TheMotleyFool

0 0

Why Meta Platforms Stock Crashed (Again) Monday Morning: https://g.foolcdn.com/editorial/images/707017/a-number-of-people-sitting-on-a-bench-and-smiling-while-looking-at-smartphones.jpg

Shares of Meta Platforms (NASDAQ: META) tumbled again on Monday, falling as much as 6.7%. By 1:54 p.m. ET the stock was still down 6.4%

The social media titan continues to suffer the consequences of its troubling third-quarter financial results, while an outage on its Instagram platform compounded matters today.

After years of giving Meta Platforms carte blanche, some investors appear to be losing confidence in the company's direction. Last week, Meta announced its second successive quarter of year-over-year revenue declines -- something that had never happened in the company's history prior to last quarter. While revenue fell just 4%, it resulted in a 49% decline in earnings per share.

Source Fool.com

Like: 0