Meta Platforms faced a staggering $16 billion tax charge due to President Trump’s ‘One Big Beautiful Bill Act,’ significantly impacting its third-quarter net income. Despite a brief market dip, the company’s stock showed resilience. CEO Mark Zuckerberg highlighted a strong business quarter and exciting future prospects, with Meta ending with substantial cash reserves and a growing workforce.<\/p>","protected":false},"excerpt":{"rendered":"
Meta Platforms faced a staggering $16 billion tax charge due to President Trump’s ‘One Big Beautiful Bill Act,’ significantly impacting its third-quarter net income. Despite a brief market dip, the company’s stock showed resilience. CEO Mark Zuckerberg highlighted a strong business quarter and exciting future prospects, with Meta ending with substantial cash reserves and a… Read More »Tax shock: Meta profits plunge, earnings crunch; $16B hit tied to \u2018Big Beautiful Bill\u2019<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":71517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/71516"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=71516"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/71516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/71517"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=71516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=71516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=71516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}