On February 2, Meta Platforms, the parent company of Facebook, set a new benchmark in Wall Street history by registering the largest single-day gain of $196 billion in stock market value, as reported by Reuters. This remarkable surge followed Meta’s announcement of its inaugural dividend and the disclosure of robust financial results.
In a significant move just days before Facebook’s 20th anniversary, Meta authorized an additional $50 billion for share repurchases and unveiled a quarterly dividend of 50 cents per share. This development positions Meta Platforms as the fourth major player among Silicon Valley’s tech giants, joining the ranks of Apple, Microsoft, and Nvidia, to offer dividends. This achievement underscores Meta’s growing maturity and financial strength in the tech industry.
What makes this achievement even more notable is the exclusive club Meta Platforms has entered. By offering dividends, Meta now stands alongside Silicon Valley’s tech giants like Apple, Microsoft, and Nvidia. This positions Meta as the fourth major player in the tech industry to take such a step, highlighting its growing maturity and financial prowess
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