Meta shares are on pace for their best day in nearly a decade after Facebook's parent embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition
Facebook parent Meta Platforms Inc. shares are on pace for their best day in nearly a decade after the companyincluding boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition.
Shares of the social-media company jumped 27% to $193.95 in midday trading Thursday and are up 61% year to date. The stock is on pace for its largest percentage increase since July 2013, when it rose nearly 30%.
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