US Stock of the Day – Oct 22, 2026: Meta Platforms <META>
Thursday, October 22, 2026
On October 22, 2026, the most talked-about US stock online is Meta Platforms<META>.
Background: In its third-quarter results released after the close on the 21st, revenue rose 26% year on year to $64.6 billion, beating the consensus of $63.3 billion. On the other hand, it booked about $10 billion in costs for a settlement with state attorneys general over youth safety, and operating income fell 37% to $13 billion, with EPS of $3.83 ($7.40 excluding the settlement costs). Capital expenditures swelled to $34.9 billion for the quarter, the company raised the low end of its full-year guidance to $135 billion, and free cash flow was negative $2.1 billion. The stock rose as much as 5% in after-hours trading on expectations for its AI assistant "Muse," but on the Tokyo market on the 22nd, concerns about Meta's finances were reported to have led to selling of AI-related parts and equipment stocks. This is based on information before the US market opened (premarket).
Meta Platforms (META)
Latest close (10/21): $697.52 (+3.27, +0.47%)
Written by Kabutaro, an individual investor in Japanese stocks since 2007 (profile in Japanese).