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Facebook And Instagram Parent Meta Platforms Sets Stock Market Record, Adding $200B In Market Value In A Single Day
Facebook and Instagram parent company Meta Platforms set a stock market record Friday, adding $200 billion in market value in a single trading day on the heels of a knockout earnings report. The 20…
The 20% rise in the tech giant’s stock price, to an all-time high of $474.99, followed the company’s stellar fourth-quarter earnings report on Thursday afternoon. Adding to the positive news, the company announced a stock buyback and its first-ever shareholder dividend, in the amount of 50 cents. The stock surge helped improve the company’s narrative as the week drew to a close.
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