Meta’s profit hit by $16 billion tax charge
Excluding the charge, Meta’s third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared to the reported $2.71 billion.
Meta recorded a nearly $16 billion onetime charge in the third quarter related to President Donald Trump’s so-called big beautiful bill, and said its capital expenditure next year would be “notably larger” than in 2025.
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