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$META stock is now down 10% after earnings. What's interesting is there really isn't anything in the report out of the normal. - Capex guidance was slightly narrowed - EPS was a miss, but only due to legal and severance charges (huge beat if not for those) - Average price per ad & ad impressions were up 12% and 14% None of this should have come as a huge surprise. $META now trades at just 15x earnings. #BigTechEarningsNight