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META Stock Alert: What to Know as Meta Platforms Announces Stock Split
Summary by BizToc
5 Articles
5 Articles
Meta reported record revenue of $64.6 billion, an increase of 26%, and announced a split of shares 2 by 1. So shut down Wall Street and what's coming.
Facebook owner Meta Platforms reported better-than-expected third-quarter revenue and solid forecasts for the final three months of the year. However, the financial results took a back seat to the company's $25 billion fine for the Cambridge Analytica scandal and the announcement of a 2-for-1 stock split intended to protect Mark Zuckerberg from a new California tax. After initially surging 6.5% in after-market trading, the stock's gains dwindled…
Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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