05 February 2024
Meta Platforms (formerly Facebook Inc.), a corporation that brings together globally renowned services like Facebook, Instagram, WhatsApp, and more, has made history with the largest single-day stock surge.
On Friday, the company's stocks soared by 20%, reaching a historic high of $485. This signifies an incredible increase in market value by $197 billion — the largest one-day growth in history, surpassing even giants like Apple and Amazon.
Reminder: Meta is one of the most expensive companies globally and is considered one of the "Big Five" in the US information technology sector, alongside Amazon, Alphabet (owns Google), Apple, and Microsoft.
Let's break down the key success points:
With the extensive base of 3.19 billion daily active users in the corporation's products remaining a reliable foundation for growing advertising revenues, FreshForex analysts believe that Meta's revenues in the current quarter will again exceed forecasts, serving as a driver for continued price growth.
The entire technology industry is confidently advancing, with Meta's competitors like Microsoft, Amazon, Apple, and Alphabet (Google) also demonstrating high financial performance. Shares of these companies and many others are available for trading in our company.
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