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Meta posts back-to-back quarters with revenue decreases

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Facebook parent company Meta reported its second straight quarterly revenue decline.

Third-quarter revenue was down by more than 4% to $27.7 billion compared with a year earlier. Profits dropped 52% to $4.4 billion.

Shares at market open Thursday were trading under $100, the powest price since 2016.

Read more from CNBC.

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