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Meta Platforms Stock Crashes: Hit With Several Headwinds in Q4
Meta Platforms (NASDAQ: FB), formerly known as Facebook, reported fiscal 2021 fourth-quarter results on Wednesday, Feb. 2. On the top line, Meta reported revenue of $33.7 billion in the fourth quarter ended Dec. 31, 2021, a 20% increase from the same quarter the year before. Looking at the bottom line, Meta reported a net income of $10.3 billion in Q4, an 8% decrease from the same time last year.
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