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The Independent UK

National

Via AP news wire

Facebook parent Meta posts lower Q4 profit, shares plunge

Meta Facebook Instagram WhatsApp

Copyright 2021 The Associated Press. All rights reserved.

Meta the company that owns Facebook Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after reporting a rare decline in its fourth quarter profit due to a sharp increase in expenses.

Meta’s shares fell 22.6% to $249.90 in after-hours trading.

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