Mark Zuckerberg to receive $700m from Meta dividends | Mark Zuckerberg
Mark Zuckerberg, chief executive of Meta, the parent company of Facebook, Instagram and WhatsApp, is expected to receive an annual dividend of $700m (£549m). On Thursday, Meta Inc. said its revenue of $40 billion in the final quarter of last year exceeded Wall Street expectations and that it would pay investors its first quarterly dividend […]
Meta reveals dividend plans, Apple slumps in China, Amazon soars as tech earnings hit
Meta announced its first-ever dividend plan, Amazon reported strong earnings, while Apple reported a sales slowdown in its key Chinese market as three major tech stocks reported quarterly results on Thursday. Big tech companies, three of the so-called Magnificent Seven, have been driving the market’s resurgence, but optimism has cooled in recent days as layoffs […]
Meta stuns Wall Street with its first dividend. Amazon and Alphabet may be next. – MarketWatch
Published: February 1, 2024 at 6:41 PM ET Meta Platforms Inc. surprised Wall Street on Thursday by paying its first-ever dividend. This is perhaps Silicon Valley’s most monumental dividend decision since Apple reinstated its dividend more than a decade ago, and could light a fire under other tech giants. Meta Inc.’s META will pay a […]
Meta revenue soars as it pivots to AI and announces dividends for investors | Meta
Meta stock soared 15% in after-hours trading. The company’s strong fourth quarter results came a day after CEO Mark Zuckerberg was assaulted during a controversial Congressional hearing. The company also announced that it would pay investors a dividend of 50 cents per share for the first time and authorized a $50 billion stock repurchase program. […]
Top stocks to buy on Tuesday: AMZN, TSLA, GS, CRM, META, SPOT & more – CNBC
Here are the biggest voices on Wall Street on Tuesday: Oppenheimer Co. launches pinstripes after outperforming Oppenheimer Co., which started the bowling company, said the company has “robust unit economics.” “PNST offers an interesting and more speculative investment opportunity within the attractive ‘Etatainment’ category.” Raymond James launches CrowdStrike and outperforms Raymond James He has launched […]
South Carolina lawmaker whose son died by suicide after sextortion scam files lawsuit against Meta
Arturo Bejar, Facebook’s former engineering director, says governments should force social media platforms like Instagram to protect children from abuse. South Carolina lawmaker lost son to suicide as a teenager Became a victim of sextortion fraud is currently suing Meta, which owns Facebook and Instagram. State Rep. Brandon Guffey said Meta engaged in deceptive practices […]
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week – CNBC
Sundar Pichai, CEO of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet stock rose to an all-time high on Thursday, joining Microsoft and Meta, which have been climbing since hitting new highs earlier this month. Alphabet stock rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87 and closed with a market capitalization […]
Meta finally restricts DMs from unknown adults to underage users
On Thursday, Meta finally enacted restrictions to prevent unidentified adults from directly contacting underage users. Critics say the move is long overdue amid growing concerns about child safety on Facebook and Instagram. The new rules come as Meta faces sweeping challenges from 33 states accusing the company of fueling a youth mental health crisis, as […]
Meta urged to better track enforcement of Holocaust denial content
The Meta Oversight Board is asking the technology companies behind Facebook and Instagram to take steps to update how they track enforcement of bans on Holocaust denial and false content, according to a decision released Tuesday. The Meta Oversight Board, which operates independently from Meta and is funded by grants from the company, uses technology […]
Meta shares close at a record as last year's mega rally continues – CNBC
Mark Zuckerberg, founder and CEO of Meta, speaks at the MetaConnect event at Meta Headquarters in Menlo Park, California, on September 27, 2023. Josh Edelson | AFP | Getty Images Zuckerberg claimed 2023 will be the “year of efficiency” following a disastrous 2022, when stocks plummeted 64% to their lowest since 2016. Meta’s previous high […]