"Meta's Record Stock Surge Makes Zuckerberg Billions in Historic Market-Cap Gain"
TL;DR Summary
Meta CEO Mark Zuckerberg announced Facebook's first dividend of $0.50 per share, set to make shareholders, including top executives and institutions, very rich. This move is unusual for a tech company and signals a shift in Meta's strategy, potentially pressuring other tech firms to follow suit. The dividend payment, scheduled to begin on 26 March 2024, is seen as a challenge to other tech companies, particularly those driven by AI, to consider similar moves, potentially transforming the equity markets and the world of AI.
- Facebook's first dividend stands to make a few very rich BBC.com
- Meta Finally Figures Out How to Sell the Metaverse The Wall Street Journal
- Meta stock jumps 20% after earnings in biggest market-cap jump in stock market history Yahoo Finance
- Mark Zuckerberg made more than $28 billion this morning after Meta stock makes record surge CNN
- Meta’s Stock Surge Gives Facebook Parent Historic Market-Cap Gain Bloomberg
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