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20% Profit in One Day on Meta Platforms!

20% Profit in One Day on Meta Platforms!

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.

20% Profit in One Day on Meta Platforms!

Let's break down the key success points:

  • Meta's sales in the fourth quarter of 2023 grew by 25%, generating a total revenue of $40.1 billion with a net profit of $14 billion.
  • Meta introduced dividends for the first time, offering $0.50 per share, starting from March 26.
  • The corporation increased the scale of its share buyback program to $50 billion, boosting investor confidence.
  • Investments in artificial intelligence to enhance targeted advertising efficiency were chosen as the company's long-term strategy.
  • Market analysts applaud Meta, citing "growth acceleration" and "improved capital structure efficiency" as key success factors.

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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