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Meta's stock falls 17% as its quarterly profit is cut in half

Por: CNN Business October 26, 2022

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New York CNN Business  —  Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an that is hitting its . For the three months ended in September, Meta posted revenue of $27.7 billion, down 4% year-over-year and slightly above Wall Street analysts’ expectations. The Facebook parent company... + full article



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