CHATTER AWAY: Overnight Open Thread

Deadline reports:

Facebook and Instagram parent company Meta Platforms set a stock market record Friday, adding $200 billion in market value in a single trading day on the heels of a knockout earnings report.

The 20% rise in the tech giant’s stock price, to an all-time high of $474.99, followed the company’s stellar fourth-quarter earnings report on Thursday afternoon. According to Bloomberg data, the gains from the stock rally are the most by any company in a single trading day.

Revenue for the period ending December 31 shot up 25% year-over-year to $40.1 billion, driven by growth in ad impressions across the company’s social media portfolio, which now reaches 4 billion users a month.

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Facebook And Instagram Parent Meta Platforms Sets Stock Market Record, Adding $200B In Market Value In A Single Day https://t.co/4voZLHN5hb

— Deadline Hollywood (@DEADLINE) February 2, 2024