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Meta Platforms (NASDAQ: META) saw its stock plummet by 12.1% on Thursday, despite reporting strong third-quarter revenue. The decline was driven by the company’s announcement of significant spending and capital expenditures forecasts for 2026, alongside a large one-time tax charge. This aggressive spending plan raises concerns about the effectiveness of their infrastructure and AI investments in generating future profits. Additionally, the stock’s substantial year-to-date rise prompted profit-taking among investors.
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