Meta Platforms, the parent company of Facebook, experienced an unprecedented surge in its stock market value on Friday, with a one-day gain of approximately $197 billion, marking the largest single-day gain in Wall Street history. This milestone came after Meta declared its first dividend and reported robust financial results, including a 25% increase in revenue and a 22% reduction in headcount, leading to a net income of $14 billion and a net profit increase of 203% from the previous year. The company's success contributed to the S&P 500 reaching an all-time closing high, driven by strong earnings and a positive January employment report. Meta's stock rose by 20%, and Mark Zuckerberg's net worth increased by $28 billion. The S&P 500 ended the week at a new all-time high of 4958, with the Nasdaq Composite Index also seeing over 1% gains. Solid quarterly results from Meta and Amazon played a significant role in boosting the indices, with the Dow Jones Industrial Average's gain being more muted.
Facebook parent Meta’s stock jumped 20 per cent after “better than expected” earnings, according to CommSec’s Tom Piotrowski. https://t.co/KurAJVlT5B
$META Weekly all time high breakout! 🚀 https://t.co/6TBYOIFSYS
This week we witnessed one of the most amazing business stories in years. @Meta announced a 22% reduction in headcount coupled with a 25% increase in revenue, resulting in a net income of $14 Billion, up 203% from the year before. This means Meta, a $160+ billion company, is…
Meta's market cap increased by $197 billion on Friday after its blowout earnings report, the largest single-day gain for any company in history. $META https://t.co/KFOVREh8xQ
This week @Meta announced revenue growth of 25% year over year and a headcount cut of 22%, with net income soaring to $14 billion, almost a 35% net profit. That spectacular outcome is a result of focus and a rigorous process of reducing headcount. But the big story is not this… https://t.co/W4I8n6yQJY
biggest one day increase in net worth? Can't wait for multimillionaire public "servants" Sen Karen @senwarren and @SenSanders to chime in. Meta's Zuckerberg sees $28 billion windfall after shares rocket https://t.co/ep8lQKV2HI
U.S. Stocks Close Higher with Record Highs: S&P 500 and Dow Achieve New Closing Highs, Nasdaq Hits 52-Week High https://t.co/UlnRbnCjXM
$META added $205.3B of market cap on Friday, the largest one-day addition in history https://t.co/bJxnVydKbL
On Friday mega cap tech had the largest one day move since November of 2022, powered in no small part by better than expected $META and $AMZN earnings https://t.co/UBPxLunFva
Zuckerberg has made $14 billion–plus as Meta shares have soared this year. And that’s before the dividend payouts begin. https://t.co/SZZQXsIH4v
The S&P 500 registered another record closing high on Friday, as all three of Wall Street’s main indexes rose on the back of strong earnings and a blowout January jobs report https://t.co/UeCMJUVO5t
WATCH: The S&P 500 registered another record closing high on Friday, as all three of Wall Street’s main indexes rose on the back of strong earnings and a blowout January jobs report https://t.co/zMySvEj4rn
*S&P 500 CLINCHES RECORD HIGH AS META'S $META MEGA RALLY FUELS BULLS TO FOURTH STRAIGHT WEEKLY GAIN https://t.co/7qWsYlhiSz 👈 $SPY https://t.co/09kNxysj66
The comeback kid: It was only a couple of years back #Meta suffered single biggest mkt value destruction in stock-mkt history. Now stock rose 20%, gain added $197bn to its mkt cap, biggest single-session mkt value addition, eclipsing $190bn gains made by Apple & Amazon in 2022.… https://t.co/M7n6Vfj5xJ
⚠️ JUST IN: *S&P 500 ENDS THE WEEK AT A NEW ALL-TIME HIGH OF 4958 $SPY https://t.co/TFCh3ahZpa
WATCH: Solid quarterly results from Meta and Amazon helped boost the S&P 500 index and the Nasdaq Composite Index over 1%, while the blue-chip Dow Jones Industrial Average's gain was more muted https://t.co/ZEXl9DSsDb https://t.co/6fbkmD28yr
Meta Platforms added $196 billion in stock market value on Friday, markingthe biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results. https://t.co/9NQH7q8K9Q
WATCH: US stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy https://t.co/ZEXl9DRUND https://t.co/qLTMoFam7p
US stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy https://t.co/vH4ChPzEJA https://t.co/RcM6j77yWb
In Today's DailyRip: We’re All In The Metaverse Now Meta gained more market cap in a single day than any other stock in history, with its value jumping $197 billion. Mark Zuckerberg’s net worth rose by a whopping $28 billion as shareholders all celebrated big gains. https://t.co/WqqySA8qN8