Stay updated with breaking news from Insider Intelligence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 parent's 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.