Page 15 - Insider Intelligence News Today

Facebook parent Meta's stock surged Friday after the company's first dividend declaration and robust results increased expectations of strong returns from its investments.

Meta added over $200 billion in stock market value and its share price was on track for the biggest one-day percentage jump in a year on Friday after the Facebook parents first dividend declaration and robust results.

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.

:Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period.Investors cheered the results, sending Amazon shares up as much as 8 per cent in trading after the market close.

The company's shares surge as it reports a jump in users, ad sales and profits, despite Washington concerns.

Amazon Web Services, the largest cloud services unit in the world, brought in revenue of $24.2 billion in the fourth quarter, compared with analysts’ expectations of $24.26 billion

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.Amazon also impressed investors with sales up to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season.

The tech giant beat revenue predictions for the last quarter of 2023 but failed to deliver on predicted advertising revenue

CURITIBA, Brazil, Jan. 31, 2024 /PRNewswire/ -- EBANX, the leading payments platform serving global companies expanding in Latin America, Africa, and India,

Mondelēz posted a rise in fourth-quarter sales, but price hikes took a toll on volumes as it squeezed demand for chocolates, salty crackers.