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Meta Reports Better-Than-Expected Earnings. Why the Stock Is Falling.

For the quarter ended Sept. 30, the parent of Facebook, Instagram, WhatsApp, and Threads reported revenue of $34.2 billion, up 23% and above the Wall Street consensus forecast at $33.5 billion. Meta stock was down 4.6% at 9:45 a.m. Thursday, the morning after the report. On Facebook, daily active users were 2.09 billion, up 5%; while monthly actives were 3.05 billion, up 3%.
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