Meta
February 7, 2024
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.
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