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“Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend”

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…”

https://www.cnbc.com/2024/02/02/meta-shares-surge-17percent-as-investors-cheer-first-ever-dividend.html

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