Meta share price plummets after Q3 earnings call

Meta has released its Q3 earnings report after stock markets closed Wednesday, reporting $27.7 billion of revenue. While the tech giant did meet projections, this was still a 4% decline in revenue year over year. This marks a second straight quarter of decline. Meta itself believes this trend will continue into Q4, setting lower-than-expected goals.

The market did not respond well to this news and Meta’s current game plan. Share prices fell about 30% overnight and are down approximately 70% year-to-date.