Meta extends its 3-day stock skid to 8% after warning of an advertising slowdown

• Meta Platforms shares dropped in 3% Thursday despite an earnings beat.
• The Big Tech giant beat analysts' forecasts, but execs warned of a fourth-quarter slowdown in advertising revenues.
• Meta is on a four-day skid, with its stock down around 8% since Monday.

Meta Platforms' stock price slipped Thursday, with so-so earnings failing to stop a bad run for the Big Tech giant.

Shares were down 3% shortly after the opening bell as investors reacted to the company's third-quarter report, posted after Wednesday's closing bell.