On Friday, Meta was **21% intraday, increasing its market value by about $200 billion, surpassing the best one-day performance set by Apple and Amazon.
Apple's market capitalization increased by $190.9 billion on November 10, 2022, Amazon's by $190.8 billion on February 4, 2022, and Nvidia by $184.1 billion on May 25, 2023.
Meta's latest strength** was helped by Thursday's after-hours earnings report. On the eve of Facebook's 20th anniversary, parent company Meta delivered its strongest earnings report in history, beating Wall Street expectations for its fourth-quarter results and first-quarter guidance, as well as announcing an additional $50 billion** buyback and its first-ever dividend. Meta paid a quarterly dividend of 50 cents per share, shocking Wall Street.
Meta's impressive performance** was partly due to its success in slashing costs, with the company reducing its headcount by 22% in 2023. At the same time, Meta continues to enter the field of artificial intelligence, investing heavily in layout, in addition to investing in background technology to help its social ** products and support its advertising positioning. "2023 is our efficiency year", Zuckerberg expressed his satisfaction with Meta's performance last year at the beginning of the meeting.
Looking back on 2022, affected by inflation and the Federal Reserve's interest rate hikes, technology stocks**, Meta was one of the hardest hit among the major technology companies, and it performed particularly badly under the impact of catastrophic earnings reports, with a stock price of **64% for the year. Zuckerberg's fortune fell below $35 billion at one point.
However, since last year, Meta has rebounded strongly, rising nearly 200% for the year, benefiting from the ** of US stocks ** and its own bright financial reports. Meta's quarterly revenue was the largest since it went public in 2012, according to its earnings report at the end of October, as advertising demand picked up and the company continued to benefit from cost cuts and the development of new AI technologies.
**Meta is also expected to become one of Wall Street's strongest comebacks and reversal companies, according to the evaluation.
With Meta's skyrocketing, Zuckerberg's wealth also surged by $27 billion on Friday, and his current net worth is $169.5 billion, setting a personal wealth record for himself, surpassing Bill Gates and rising to fourth place on the Bloomberg Billionaires Index. In addition, Zuckerberg will receive about $700 million a year in dividends from Meta as a result of its first dividend to investors.
Zuckerberg holds Meta for about 3500,000,000 shares, about 13% of the shares. Regulatory filings earlier this month showed that Zuckerberg had been holding Meta holdings every trading day for two months from Nov. 1 last year to the end of the year, selling nearly 1.28 million shares in two months, cashing out about 4$2.8 billion.
According to a company spokesperson, Zuckerberg's Meta is primarily about funding charitable activities. He and his wife, Priscilla, had previously pledged to spend 99% of their wealth in their lifetimes for philanthropic causes, such as promoting equality and disease.
In the ten years since Meta went public, Zuckerberg has regularly sold Meta** except for 2022. Therefore, judging from past performance and Friday's latest stock price, Zuckerberg's sale of Meta** has no point-in-point significance for the company's future stock price trend.
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