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Meta’s stock surges by 15 per cent º adding £110 BILLION to its valuation | Technology News
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Meta’s stock surges by 15 per cent º adding £110 BILLION to its valuation

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BANG Showbiz English

Meta’s stock has experienced a remarkable 15 per cent surge in trading after it was announced dividends will be paid to investors for the first time. Mark Zuckerberg’s company saw the spike – which added more than £110 billion to its valuation – after the newly announced dividend was set at 50 cents a share, while a $50 billion share buyback programme is also set to benefit existing investors. Analysts say the company has clocked one of its most impressive quarters, with its revenue rising 25 per cent to $40.1 billion in the final three months of 2023. Meanwhile, Meta’s net income jumped by ov…

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