Meta Platforms shares were down about 7.2% at 1:10 p.m. ET on Thursday, after falling as much as 7.6% earlier. Third-quarter revenue rose 26% to $64.6 billion, but diluted EPS of $3.83 included a $9.9 billion charge tied to a recent legal settlement over teen social media addiction; excluding it, EPS would have been $7.40, versus consensus estimates of $5.46. Investors reacted to the creation of non-voting Class C shares, effective Jan. 19, 2027, to raise capital for AI spending, employee compensation and potential acquisitions, while CEO Mark Zuckerberg retains over 60% voting control. Separately, New Mexico ordered a record $25 billion judgment over the Cambridge Analytica scandal, which Meta plans to appeal. At 22 times earnings, the stock trades below its 3-year average multiple of 27, though the article notes investors should weigh its legal exposure.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 698.43 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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