Investors detest Mark Zuckerberg

Weak earnings hit Facebook parent Meta Platforms on Wednesday, causing the stock to decline 19.66% in after-hours trading. Meta reported earnings of $1.64 per share, which was below estimates. The average price per ad dropped by 18%, resulting in a total revenue decrease of 4%. The operating losses for Reality Labs, Meta's virtual reality unit, are expected to increase "significantly" next year.