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Meta, which owns Facebook and Instagram, earned $196 billion on February 2; this was the largest one-day gain of any company in Wall Street history. This was reported
This was reported by Reuters, Ukrinform reported.
It is stated that growth is linked to the announcement of dividend payments.
The company’s shares rose 20.3 percent in the session, also notching its biggest one-day percentage gain of the year and its third-biggest gain since its debut on Wall Street in 2012. Its market cap is currently over $1.22 trillion.
Late on Thursday, February 1, Meta authorized an additional $50 billion in share buybacks and announced a quarterly dividend of 50 cents per share.
Meta became the fourth company to declare a dividend, along with Apple, Microsoft and Nvidia.
Analysts believe the dividend payment shows that the company wants to revitalize its reputation to be taken more seriously.
This increase in Meta’s market value eclipsed the previous record of Amazon, whose market value increased by $190 billion on February 4, 2022.
According to Ukrinform, the prices of Meta and Amazon shares increased by a total of 279 billion US dollars as both companies made staff cuts and made high profits.
Source: Ukrinform
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