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

Meta's third-quarter earnings report revealed a remarkable 26% increase in revenue, reaching $51.2 billion, a new record for the company. However, this achievement was overshadowed by a staggering nearly $16 billion tax charge linked to President Trump's One Big Beautiful Bill Act. This tax burden significantly impacted Meta's overall financial performance, raising concerns about the implications of such legislation on major corporations and their ability to thrive in a challenging economic landscape.
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