Discover the monumental surge in Meta's share price and Zuckerberg's rise to the fifth richest person in the world in this exhilarating summary of the latest India trending news.
Meta, the parent company of Facebook, made headlines as its shares skyrocketed by 17% following the announcement of its first-ever cash dividend. Investors cheered as Meta tripled its profits in the fourth quarter, leading to a significant surge in market value.
The tech giant pleased shareholders with a $50 billion buyback plan and solid earnings, further boosting its stock by 20% in a single day. Meta's sharp rise contrasted with Apple and Tesla's struggles, as they witnessed a decline in their shares.
While Meta's stock market value soared by over $200 billion, Mark Zuckerberg ascended to the fifth position in the global rich list. The surge in Meta's share price added $140 billion to its market cap, reaching a staggering $1.17 trillion.
In a historic one-day jump, Meta Platforms increased its market value by $196 billion, setting a Wall Street record. This remarkable feat marked the largest one-time gain in market cap in history, illustrating the company's unparalleled success.
Meta shares surged about 17% in Friday trading, after the firm tripled profits in the fourth quarter and issued its first-ever cash dividend.
Meta, the parent company of social media giant Facebook, is thriving financially, according to its 2023 fourth quarter earning results.
Shares of Meta soared Friday, after reporting a beat on earnings and guidance, and announcing new shareholder initiatives.
Facebook and Instagram parent rewards shareholders as it plans big investments on new bets, including AI.
Meta shares rose sharply after the tech giant beat earnings estimates, announced its first-ever dividend payment and approved an additional $50 billion for ...
But Apple (shares down 5% this year) and Tesla (down 26%) have watched on the sidelines as their big tech peers have won over investors in 2024.
Meta added over $200 billion in stock market value and its share price was on track for the biggest one-day percentage jump in a year on Friday after the ...
The surge in Meta's share price in out-of-hours trading on Thursday saw the company's market cap increase by more than $140 billion to $1.17 trillion, ...
Meta stock jumped late Thursday after the company reported better than expected earnings and announced plans for a dividend.
Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook ...
Shares of Meta soared Friday after the company reported a beat on earnings and guidance and announced new shareholder initiatives.
The trillion-dollar social media giant's market value soared after it reported a robust profits driven by digital advertising.
Meta surges with record $196 billion gain in stock market value after its shares see the biggest one-time high yet.
The stock rose 20% Friday to close at an all-time high of $474.99 per share. The gain added $197 billion to its market capitalization, the biggest ...