Meta reported a record $64 billion in revenue for Q3, surpassing analyst expectations of $63.3 billion. Earnings per share were $3.83, below a potential $7.40 due to a $9.89 billion charge from a lawsuit settlement involving teenage users. The $18.59 billion settlement, agreed last August, impacts costs significantly. Meta also announced a 2-for-1 stock split and new Class C shares to fund AI investments and maintain CEO Mark Zuckerberg's control. The company faces ongoing youth-related legal scrutiny in the U.S., signaling potential future costs.
Meta's stock price on Pluang stands at USD 744.21 as of Oct 22, 2026 03:41 WIB, showing a strong 7.20% gain in one day and nearing its 52-week high of USD 777.59. Despite the hefty lawsuit settlement impacting earnings, investor interest remains robust with 68% of orders on Pluang being buys. The stock's market cap is $1.77 trillion, reflecting its dominant position in the media sector.
Meta Platforms reported a strong third quarter with revenue of $64.6 billion, up 26% year-over-year, driven by robust advertising growth. However, a $9.9 billion legal charge related to a settlement with 52 state attorneys general over teen mental he...
Meta Platforms reported a 26% revenue increase to $64.6 billion in Q3 2026, driven by strong ad sales and AI investments. Despite a $9.9 billion legal charge related to teen mental health litigation, net income surged 264% to $9.86 billion. The compa...
A New Mexico judge has ordered Meta to pay $25 billion for violating consumer protection laws related to the Cambridge Analytica data scandal. The jury found Meta committed 43 million violations, each carrying a $5,000 penalty, for misleading users a...
A New Mexico judge has ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about data privacy. The case stems from allegations that Cambridge Analytica, a political consulting firm linked to Donald Trump's 2016 c...
Meta was ordered by a New Mexico court to pay $25 billion for misleading users about data privacy in the Cambridge Analytica scandal. The jury found Meta liable for over 43 million violations of the state's unfair practices act, with each violation c...
