The announcement by Meta, the parent company of Facebook, Instagram, and WhatsApp, that it will pay its first-ever dividend dispels investor concerns the metaverse and AI plans would be an abyss for money.
Meta said it would pay investors a dividend of 50 cents a share on 26 March. As cash increased to $65.4 billion at the end of last year from $40.7 billion the year before.
The company also revealed a $50 billion share buyback.
Meta's Read More
Five of the Big Tech companies are reporting their earnings this week in what is a critical season.
With a combined market value of more than $10 trillion, the focus is on Microsoft, Alphabet, Meta Platforms, Amazon and Apple between Tuesday and Thursday.
Investors are looking for indications of the firms that will benefit the most from artificial intelligence (AI) technologies.
As I was quoted by Newsmax, The Read More