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The company announced it will increase capital expenditures significantly in 2025.
Meta Platforms (META 0.49%) reported excellent revenue growth in its latest quarter, but its signal to investors about increasing spending sent the stock lower.
*Stock prices used were the afternoon prices of Oct. 30, 2024. The video was published on Nov. 1, 2024.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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