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Meta Platforms’ Shares Fall After Q4 Earnings Announcement

By
Sylvia Varnham O'Regan
and
Mathew Olson
· · Source: The Information

Meta Platforms’ revenue was up in the fourth quarter but the company’s rate of new users has slowed as it contends with competition for users’ time from rivals such as TikTok, increased regulatory scrutiny and the impact of Apple’s privacy changes. The social media company’s shares fell more than 20% in after-hours trading following the earnings announcement Wednesday. Meta reported $33.67...

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