{"id":970889,"date":"2025-10-31T11:11:48","date_gmt":"2025-10-31T05:41:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=970889"},"modified":"2025-10-31T11:11:48","modified_gmt":"2025-10-31T05:41:48","slug":"mark-zuckerbergs-meta-sees-profits-crashing-as-it-takes-a-16-billion-tax-charge-related-to-donald-trumps-big-beautiful-bill","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/10\/31\/mark-zuckerbergs-meta-sees-profits-crashing-as-it-takes-a-16-billion-tax-charge-related-to-donald-trumps-big-beautiful-bill\/","title":{"rendered":"Mark Zuckerberg&#8217;s Meta sees profits crashing as it takes a $16 billion tax charge related to Donald Trump&#8217;s &#8216;Big Beautiful Bill&#8217;"},"content":{"rendered":"<p>President Donald Trump&#8217;s Big Beautiful Bill has resulted in a $16 billion hit for Mark Zuckerberg&#8217;s Meta. Meta Platforms has taken a near $16 billion one-off charge in the third quarter (Q3) related to President Trump\u2019s Big Beautiful Bill. The company, which owns Facebook, WhatsApp and Instagram, said that the bill had led the business to take a non-cash income tax charge of $15.93 billion. Meta said that excluding this, its third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared with the reported net income of $2.71 billion. The expense crashed Meta&#8217;s third-quarter profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump&#8217;s Big Beautiful Bill has resulted in a $16 billion hit for Mark Zuckerberg&#8217;s Meta. Meta Platforms has taken a near $16 billion one-off charge in the third quarter (Q3) related to President Trump\u2019s Big Beautiful Bill. The company, which owns Facebook, WhatsApp and Instagram, said that the bill had led the business to take a non-cash income tax charge of $15.93 billion. Meta said that excluding this, its third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared with the reported net income of $2.71 billion. The expense crashed Meta&#8217;s third-quarter profit.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-970889","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/970889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=970889"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/970889\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=970889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=970889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=970889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}