- Meta shares jumped on Friday after profit tripled in the fourth quarter and the company issued its first-ever dividend.
- Revenue rose 25% in the quarter for Meta, marking the fastest rate of growth for any period since mid-2021 as the online ad market rebounded.
- Investors praised Meta’s decision to issue a dividend, a rare step for a high-growth technology company.
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.
The company is forecasting first-quarter sales to be in the range of $34.5 billion to $37 billion. Analysts were expecting revenue of $33.8 billion.
Who tf is still using Facebook, and how tf is it making so much money still?
Instagram
Also: What’s App, Oculus VR, Onavo, and Beluga.
The people still using it, are the people that actually click ads, and buy the resulting products… we all know at least one person like this if not many, either in our family, or at work or whatever.
Everyone. I’m not sure why this is still shocking. Seriously, 2B per month. It’s not going anywhere any time soon.
Your healthcare provider, Facebook the website is only a tiny fraction of the surveillance network they’ve built
Facebook Marketplace is one of the least-shit ways to sell things nowadays. I use it just for that.
The money comes from Vanguard, BlackRock, and Fidelity Investments.
TL;DR: Facebook is owned and funded by a conglomerate of shadow banking systems that allow the ultra-rich to influence global social strata.
You know when you just come out and say it like that, you sound kinda…. I dunno. Right.
He made over $28 billion yesterday afternoon.
https://www.cnn.com/2024/02/02/business/meta-stock-surge-mark-zuckerberg/index.html
To win up the comments in this thread: butthurt.
