Closing Bell Overtime: Meta Drops on Q3 Results 10/26/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 26 October 2022
⏱️ 44 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | All right, sir, thank you very much and welcome everybody to overtime. |
| 0:04.2 | I'm Scott Wotney. You just heard the bells. We are just getting started from |
| 0:07.3 | Post-9 here at the New York Stock Exchange and boy do we have another big hour |
| 0:10.8 | coming up. Meta reports in a matter of minutes. |
| 0:13.9 | That's our obvious talk of the tape today |
| 0:15.8 | because perhaps no mega cap company is under more pressure |
| 0:18.4 | to produce than the former Facebook, |
| 0:20.6 | given that its stock has gotten creamed and now its current direction |
| 0:24.2 | has been called into question by a major shareholder. Our experts are |
| 0:27.4 | standing by for those results everything you need to know. Let's bring in |
| 0:31.8 | Riddholz wealth management CEO Josh Brown and |
| 0:34.3 | Stephanie Link of High Tower both CNBC contributors of course and both are here |
| 0:38.9 | with me on set. Stephanie Link does own meta so the stakes are high. I can't imagine that the expectations |
| 0:44.7 | are though given what we've heard from Alphabet and given what I said was a terrible stock |
| 0:50.6 | year to date. |
| 0:51.6 | Yes it's a terrible stock year to date. |
| 0:52.6 | It's down 61 percent. |
| 0:53.8 | It trades at 11. |
| 0:54.8 | Times earnings if you believe the earnings. |
| 0:56.7 | I got all that. |
| 0:57.7 | So on the positive side, I think engagement's going to be pretty good. |
| 1:00.6 | 1.97 billion daily active users, over almost 3 billion and monthly active users for the full |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

