Reported 3 days ago
Meta, the world's leading social media platform, has reported strong fourth-quarter earnings for fiscal 2024 with a 21% revenue increase year-over-year, reaching $48.4 billion. With significant investments in AI technology and a robust financial position holding nearly $78 billion in cash, institutional support for META shares has surged, leading to a 22% increase in stock value this year. The company's sound fundamentals and anticipated growth in earnings suggest a promising outlook for investors.
Source: YAHOO