Olaoluwa Ezekiel Michael on Nostr: Meta shares jumped on Friday after profit tripled in the fourth quarter and the ...
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.
Published at
2024-02-02 20:22:42Event JSON
{
"id": "12b23ae253a66981b99dc1a1c5d20e3006206b5230c83385013d298041e94260",
"pubkey": "892ab9bd6666531a9ea951ee52c4a179801fcf2f27beea1fbb4e4b68e686de59",
"created_at": 1706905362,
"kind": 1,
"tags": [
[
"l",
"FLASH NEWS"
],
[
"source",
"https://www.cnbc.com/2024/02/02/meta-shares-surge-17percent-as-investors-cheer-first-ever-dividend.html"
],
[
"yaki_flash_news",
"U2FsdGVkX19zDAjOMGEt0ffElUCEfrzvY/GgITsc3k4="
],
[
"t",
"Meta"
],
[
"t",
"Finance"
],
[
"t",
"Stock"
]
],
"content": "Meta shares jumped on Friday after profit tripled in the fourth quarter and the company issued its first-ever dividend.\nRevenue 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.\nInvestors praised Meta’s decision to issue a dividend, a rare step for a high-growth technology company.",
"sig": "cd3c0ffc68d9f9d71742c2dec739441b83460a5845c176156486dfb19a68f4d2a3e4eb268f1f01c108542ccb810d71ad63e5065073628e02bd143d278ee3b0e0"
}