The META drop explained

So what happend to META last week:
I see a lot of you wondering what happend to the stock and what caused the drop.
The answer is simple. The EPS was not so good.
We can see on the chart that the EPS is only 1.05 and that they expected 6.723. That is a chance of -84.38%.
So for that big of a chance this is a small drop.

The Reason:
So the reason that this happend is because they need to pay some extra in taxes.
The tax that they need to pay is around 15,9 billion dollar.
This is because Trump has passed some tax laws that state that big companies need to pay taxes on profits that they have made outside of the US.
This is only a one time tax that they need to pay and the reason that they are doing this is because they want to avoid companies to do tax evation and book more profits outside of the US.
What we also do need to know is that made up profits outside of the US are being re-evaluated and that they need to pay tax on a portion of that profit because the see a portion of it as domestic assets.

What we need to keep in mind:
What we need to keep in mind here is that the EPS only dropped because of this tax and that there are people saying that the EPS without this tax would have been around 7.25. So a good boost from what the analysist are expecting of META.
So you could see this as a big discount you get on the stock price.