"Meta's Record-Breaking Stock Surge and Zuckerberg's Multi-Billion Windfall"

1 min read
Source: Yahoo Finance
"Meta's Record-Breaking Stock Surge and Zuckerberg's Multi-Billion Windfall"
Photo: Yahoo Finance
TL;DR Summary

Meta Platforms Inc., formerly known as Facebook, experienced a record-breaking surge in its stock market value, adding $197 billion in a single session, the largest in stock-market history. The company's impressive quarterly earnings report, cost-cutting measures, $50 billion stock buyback plan, and announcement of its first quarterly dividend have all contributed to its newfound success. Despite reducing headcount, Meta continues to invest heavily in artificial intelligence advancements, signaling a strong outlook for the future.

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