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Benzinga
Benzinga
Business
Vishaal Sanjay

Meta CFO Says 'Significant Cash Tax Savings Ahead' After $15.9 Billion One-Time Hit Pushes Q3 Tax Rate To 87%

Meta United States Susan Li Nasdaq
Talent War Intensifies With Meta Competition

Meta Platforms Inc. (NASDAQ:META) suffered a $15.9 billion hit to profits during its third-quarter results, owing to a one-time tax hit.

META is taking a hit from negative sentiment. Check the fundamentals here.

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