Analysis of Meta's (f.k.a. Facebook) Q3'22 Earnings

Meta's share price performance suffered in the past year – erasing nearly five years of gains. To put things in perspective, the S&P 500 and NASDAQ returned +68.6% and +50.4%, respectively. In the last twelve months, Meta lost more than (60%) on a per-share basis. 

In February 2022, Meta shares tumbled more than (30%) over the course of the month as Meta reported increased expenses.