https://www.siliconvalley.com/2022/02/02/facebook-parent-meta-shares-down-22-in-after-hours-plunge/

By Barbara Ortutay | Associated Press

Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit.