The company’s shares rose 20% on Friday, reaching an all-time high of $474.99. This represents a staggering $197 billion increase in market capitalization; It is the largest one-day increase in history, surpassing even giants such as Apple and Amazon.
Analysts applaud Meta* and cite “strong execution,” “accelerating growth” and “improving capital structure efficiency” as key success factors. To further sweeten the deal for investors, Meta* announced a $50 billion share buyback and its first quarterly dividend.
*Belongs to Meta, who is recognized as an extremist and banned in the Russian Federation
Source: Ferra
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