Meta stock went up by 20% after making a lot of money, making it the biggest increase in market value in stock market history.

 Stock market value of Meta increased by 20% after making a lot of money, which is the largest increase in stock market history.

Meta stock went up by 20% after making a lot of money, making it the biggest increase in market value in stock market history.

Meta Platforms' stock went up a lot on Friday. It went up more than 20% because the company's earnings and guidance were better than expected. They also announced new plans to give money back to their shareholders.

On Friday, the company's value went up by almost $200 billion, which is a new record for the stock market. On Friday, Meta's shares were being bought and sold for about $475. In 2022, the lowest the stock went was $90.

Meta's total value is now more than $1. 2

In the past three months, Meta earned $5. He had 33 shares of stock and made $40 for each share. Bloomberg analysts thought the company would earn $4. Get $39 for every share of stock that you have. 1 billion in money made. The company earned $32. 2 billion in the same quarter last year. 2 billion dollars were earned in the same three-month period last year.

The company increased the amount of money it can use to buy back its own stock by $50 billion and started paying a dividend of $0. 50 for each share held every quarter. Meta expects to make between $34. 6 billion and $37 billion in revenue this quarter. This is higher than what analysts predicted, which was $33. 6

Meta made $38. 7 billion from advertising in the last three months, which was more than the expected $37. 8 The company said that 2. 11 billion people use Facebook every day. Wall Street was expecting 2. 07

The company's ads were seen 21% more this year than last year, but the average cost of an ad went down by 2%.

Meta's Reality Labs is still causing problems for the company. The part of the company in charge of making Zuckerberg's idea of the metaverse real lost $4. 65 billion, which is more than the $4. 3 billion it lost last year. However, the division made more money than expected, bringing in over $1. 07 billion instead of the expected $812 million.

The new Vision Pro headset from Apple could make more people interested in AR/VR headsets. This could also help Meta's Quest line of headsets.

Meta's Reality Labs work is not getting as much attention from investors because they are putting more money into generative AI. In January, Zuckerberg said on Instagram that the company's plan is to create open source general artificial intelligence in the future.

Generative AI is a type of AI that can think and learn like a human, but there isn't just one way to define it. In simple terms, it can understand many different things instead of just focusing on one thing.

In 2024, Meta plans to spend $94 billion-$99 billion. The company says its costs will go up because it's hiring more people for technical jobs and investing in AI.

Meta also said that in 2023, they had to spend $3. 45 billion on making changes to their company, which included paying for people who were no longer working for them and combining their facilities. The number of people working for the company in December. On March 31, 2023, the number was 67,317, which was 22% lower than the previous year.

Meta's shares have been doing really well for the last year. They went up by 121%, which is better than Apple, Google, Microsoft, and Amazon.

In January, the company's value went over $1 trillion again.