Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend
cnbc.com
- Meta shares jumped on Friday after profit tripled in the fourth quarter and the company issued its first-ever dividend.
- Revenue rose 25% in the quarter for Meta, marking the fastest rate of growth for any period since mid-2021 as the online ad market rebounded.
- Investors praised Meta’s decision to issue a dividend, a rare step for a high-growth technology company.
Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend.
Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and offers further evidence that the online ad market is continuing to rebound. Meta’s net income more than tripled, to $14 billion from $4.65 billion a year earlier.
The company is forecasting first-quarter sales to be in the range of $34.5 billion to $37 billion. Analysts were expecting revenue of $33.8 billion.
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The money comes from Vanguard, BlackRock, and Fidelity Investments.
TL;DR: Facebook is owned and funded by a conglomerate of shadow banking systems that allow the ultra-rich to influence global social strata.
Those are just the biggest available ETFs and Fonds. Everyone that owns a couple of MSCI or FTSE fonds technically owns a meta stock but with one of those 3 acting as shareholder
"Shadow Banking" and "ultra rich influence" sounds an awful lot like dog whistling to me.
Sounds like the 1% to me.
I don't think you understand how the stock market works...
You know when you just come out and say it like that, you sound kinda…. I dunno. Right.