Facebook’s parent company, Meta Platforms, extended its losses on Feb. 7, dipping more than 5 percent as the fallout from a rough earnings report continues. In its fourth-quarter report, the social media giant formerly known as Facebook last week confirmed earnings of $3.67 per share, down from $3.88 in the same period in 2021. Earnings also fell short of the market estimate of $3.85 per share. However, sales surged to $33.67 billion, up from $28.1 billion from the year-earlier period, and topping the median forecast of $33.4 billion. Profits totaled $10.3 billion in the final three months of 2021, down 8 percent from 2020 and below analysts’ expectations. The tech titan forecast its first-quarter revenue in the range of $27 billion to $29 billion, with Wall Street penciling in $30.15 billion. Industry observers purport that the company is going through a broad array of challenges that could weigh on growth …
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