Facebook's Unbelievable Stock Surge: 

$200 Billion in a Single Day

As an investor, it’s rare to witness a company adding $200 billion in market value in a single day, but that’s exactly what Meta Platforms achieved after their earnings report on February 2, 2024. It’s hard not to be amazed by this incredible 20% surge in the stock price, which soared to an all-time high of $474.99. 

To break this down, if you owned Meta stock on Thursday Feb 1st, the stock was worth $394 a share. The next day, the stock is worth $474 a share! Which is how it added $200 billion in value in a single day. 

So with a 25% revenue boost and profits that tripled, it’s clear that their focus on efficiency is paying off. Add to that their first-ever dividend and a massive $50 billion stock buyback, and you’ve got a company thats kicking ass AND returning value to shareholders.

Mark Zuckerberg’s push into A.I. and the metaverse is an expensive gamble, though now it seems like it might have been the right call? Seeing a 20% jump in a single day is something I’ll be remembering for a long time.