Cash flow beat investor expectations and shares rose as the tech giant authorized a $50bn share buyback program
Mark Zuckerberg to receive $700m from Meta dividend
Meta shares soared 15% in after-hours trading following a strong fourth-quarter earnings report released the day after Mark Zuckerberg was roundly condemned in a contentious congressional hearing.
The company also announced it will pay a 50¢-per-share dividend to investors for the first time, and has authorized a $50bn share buyback program.
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