Meta Q3 Earnings Stunted by Nearly $16 Billion U.S. Tax Charge Because of Trump’s One Big Beautiful Bill Act

Meta, the parent of Facebook, Instagram and more, saw its top-line revenue jump 26% to a whopping $51.2 billion in the third quarter. But a provision of President Trump’s One Big Beautiful Bill Act led to a huge tax charge, leading the internet giant to fall well short of Wall Street expectations. The implementation of […]