Closing Bell cover image

Closing Bell Overtime: Meta Drops on Q3 Results 10/26/22

Closing Bell

00:00

Meta Shareholder King Lip of Baker Avenue Asset Management

Medes outgoing CFO Dave Wainer said overall the community growth was good. He stressed that there are more people using Facebook right now than ever have before and that engagement trends are strong. Joining us now is Meta shareholder King lip of Baker Avenue asset management. Hi Scott, I think the quarter was honestly pretty mixed. The core business to us seems pretty strong. But then I do think that the stock is down because certainly the guidance for the for the next quarter is weak. There remains a lot of uncertainty in regards to the metaverse investments. So we're going to be hearing more from Meta on the call which starts at the top of the hour.

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