Meta Stock Plunges 12% On Lukewarm Earnings, Despite Strong Advertising Numbers

Emily Price, Fast Company
Wed, 04/24/2024 - 6:15pm

The social media company said it had a ‘good start to the year,’ but investors seem to think it wasn’t good enough. Meta announced its first-quarter earnings after the closing bell on Wednesday. The company’s stock plunged 12% in after-hours trading, due to the company’s increased expenses and mediocre revenue projections.

Topics: meta stock earnings company good

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Meta Stock Plunges 12% On Lukewarm Earnings, Despite Strong Advertising Numbers

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