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Days ahead of Facebook's 20th anniversary, Meta late on Thursday authorized an additional $50 billion in share repurchases and said its quarterly dividend would be 50 cents per share.
Meta Stock: Shares have surged as Facebook's parent company, co-founded by Mark Zuckerberg, announced its first ever dividend. Credit - Pavlo Gonchar/SOPA Images/LightRocket—Getty Images
Shares of Meta Platforms (NASDAQ: META) rose today as the social media giant benefited from a cooler-than-expected inflation report, the company's announcement yesterday that it would lay off 5% ...
For years, Facebook and Zuckerberg resisted both buyouts and taking the company public. The main reason that the company decided to go public is because it crossed the threshold of 500 shareholders, according to Reuters financial blogger Felix Salmon. [2] Facebook reportedly turned down a $750 million offer from Viacom in 2006. [3]
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We learned yesterday when Meta did drop earnings that Reality Labs brought in its best revenue yet, about $1.08 billion, but it lost $5 billion in the fourth quarter and nearly $18 billion for the ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Facebook passed 100 million registered users in 2008, [129] and 500 million in July 2010. [130] According to the company's data at the July 2010 announcement, half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile. [131]