The record growth in the value of Meta is associated with the announcement of the payment of quarterly dividends in the amount of 50 cents per share.
Shares of Mark Zuckerberg’s company Meta Platforms, owner of Facebook and Instagram, rose $196 billion on February 2. It was the biggest one-day gain for any company in Wall Street history, Reuters reported on Saturday, February 3.
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The Meta rose 20.3% in the session, recording its biggest one-day percentage gain in a year and the third biggest since its debut on Wall Street in 2012. Its market value is more than $1.22 trillion, said the report.
It is indicated that the growth of the record of Meta shares is related to the announcement of the payment of quarterly dividends in the amount of 50 cents per share. The company also authorized an additional $50 billion in repurchases of its securities.
Meta is now the fourth company to announce a dividend, joining Apple, Microsoft and Nvidia.
Analysts say the dividend payment indicates the company wants to reboot its reputation to be taken more seriously.
This growth in Meta’s market capitalization surpassed the previous record of Amazon, whose market value increased by $190 billion on February 4, 2022.
It was previously reported that Mark Zuckerberg is selling shares of his company Meta for the first time since November 2022 amid rising prices. He then earned around $185 million.
Source: korrespondent
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