Meta Platforms (META) stock slides in after-hours trading after releasing third quarter earnings. Revenue beat analysts’ estimates, but the company’s year-over-year earnings loss due to a nearly $16 billion tax hit seemed to rattle investors.
Seaport Research Partners senior internet analyst Aaron Kessler joins Market Domination Overtime to discuss the stock move, explaining it’s likely the one-time tax charge and hefty spending that worried investors. The analyst examine’s Meta’s opportunity in the AI and hardware space.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: https://finance.yahoo.com/videos/series/market-domination-overtime/
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