Topline
Shares of Meta staged a massive rally Thursday after the Mark Zuckerberg-led Facebook parent company beat expectations in its latest quarterly earnings numbers, outlined cost-cutting measures and announced a $40 billion stock buyback, as Wall Street regains faith in the “House of Zuck.”
Key Facts
Meta’s 23% surge is its largest daily percentage gain since July 25, 2013 and the stock’s second-best day since the company went public in 2012, according to Yahoo Finance data.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased