Jim Cramer Says The President Trump’s One Big Beautiful Bill Act “Led to a Colossal Earnings Miss” for Meta

Group 1 - Meta Platforms, Inc. reported better-than-expected revenue, but earnings were significantly impacted by a one-time tax hit from the president's One Big Beautiful Bill Act, leading to a substantial earnings miss [1] - Without the one-time tax impact, Meta would have earned $7.25 per share, indicating strong underlying performance [1] - The company is heavily investing in AI, which is seen as a key area for future growth and differentiation from competitors [1] Group 2 - Meta develops a range of products that facilitate communication and connection through social media and various messaging platforms, including Facebook, Instagram, Messenger, Threads, WhatsApp, and related hardware and software [2] - The potential of Meta as an investment is acknowledged, but there are opinions that other AI stocks may offer greater upside potential with less downside risk [3]