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Meta stock jumps 20% after earnings in biggest market-cap jump in stock market history ... at its lows in 2022, the stock fell to as low as $90. Meta's market cap now stands north of $1.2 trillion ...
The company’s stock was up more than 21% after Meta reported a 25% jump in year-over-year revenue for the fourth quarter on Thursday. Partly fueling that increase may be Zuckerberg’s ...
Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.
[73] [74] [75] On October 27, 2022, Meta's market value dropped to $268 billion, a loss of around $700 billion compared to 2021, and its shares fell by 24%. It lost its spot among the top 20 US companies by market cap, despite reaching the top 5 in the previous year. [76] In November 2022, Meta laid off 11,000 employees, 13% of its workforce.
Meta had 74,067 employees as of Dec. 31, up 10% from a year earlier. “Meta’s Q4 performance underscores the company’s resilience in a still-uncertain digital ad market.
“2022 was a relative disaster by almost any measure with the sector's FY performance [and] valuation falling 56% and 53% respectively,” Erickson wrote in a Jan. 11 note about internet stocks.
Analysts expect Meta to exit 2024 with almost $162 billion in revenue, which would be a 20% increase over last year. Earnings, meanwhile, are expected to jump by 43% to $21.29 per share.
Meta Platforms, Inc (NASDAQ:META) could be the next company to announce a stock split, as it remains the only one among the “Magnificent Seven” that has not split shares. Trading at over $500 ...