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Meta Q3 Earnings Stunted by Nearly $16 Billion U.S. Tax Charge Because of Trump’s One Big Beautiful Bill Act
Meta, the parent of Facebook, Instagram and more, saw its top-revenue jump 26% to a whopping $51.2 billion. But a provision of President Trump's One Big Beautiful Bill Act led to a huge tax charge, leading the internet giant to fall well short of Wall Street expectations.
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