Meta Shares Fall 20 After Mixed Q4 Results
The company formerly known as Facebook reported fast-growing costs and expenses for the quarter and disclosed more than $3 billion in operating losses for its new Reality Labs business segment. Meta also gave a lower-than-expected revenue outlook for Q1. All told, Meta’s Q4 revenue came to $33.67 billion, up 20% year-over-year. Net income came to $10.29 billion, with earnings of $3.67 per diluted share. Total costs and expenses for the quarter were $21....