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Meta shares slump after disappointing earnings reveal host of headwinds

Meta shares slump after disappointing earnings reveal host of headwinds

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019.

Erin Scott | Reuters

Shares of Meta closed down 5% Thursday, a day after the company released second-quarter earnings that missed on the top and bottom lines. 

Meta’s revenue fell almost 1% from a year earlier, and shares of the company have lost about half their value since the beginning of 2022. Meta also issued…


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