Meta Shares Drop 12% After Trump's Megabill Casts $16 Billion Tax Charge

ToplineMeta shares dropped by more than 12% as trading opened Thursday, pacing what would be the company’s largest single-day loss in years after a nearly $16 billion tax charge lowered its quarterly earnings well below Wall Street’s forecasts. Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before the tax charge.Getty ImagesKey FactsShares of Meta fell 12.3% to around $658.50 after the bell rang Thursday morning, the largest intraday loss fo ...