Meta beats on revenue and splits its stock with nonvoting shares to raise capital, stock falls
Updated: Meta Platforms Inc. shares rose about 2% in after-hours trading Wednesday after the social networking company beat third-quarter revenue expectations and unveiled nonvoting Class C shares that will act as a two-for-one stock split. Update: But on Thursday, investors reconsidered, knocking the stock down almost 8%. They may be concerned about the fact that […] The post Meta beats on revenue and splits its stock with nonvoting shares to raise capital, stock falls appeared first on SiliconANGLE.
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October 22, 2026