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
As Facebook unveils plans to hire 10,000 people in the EU to develop a so-called ‘metaverse’, I believe we’ll see today’s crypto investors being the “Masters of the Metaverse”, which will potentially alter how we live, interact and do business.
According to a Facebook blog, “the metaverse could unlock access to new creative, social and economic opportunities.”
So, what is the metaverse? It provides a virtual parallel to physical reality where Read More