Facebook’s parent company to pay out to shareholders as it reports $40bn revenues for final quarter

Mark Zuckerberg, the chief executive of Meta, the parent company of Facebook, Instagram and WhatsApp, is expected to receive $700m (£549m) a year in dividends.

On Thursday, Meta announced it would pay its first-ever quarterly dividend to investors since Facebook floated on the stock market in 2012, after beating Wall Street expectations with $40bn in revenues for the final quarter last year.

Continue reading…

You May Also Like

Guardiola makes strike claim as angry Benítez joins chorus over player welfare

Manchester City manager says words alone will not solve issue Benítez feels…

Google Announces AI System Gemini After Turmoil at Rival OpenAI

Dec. 6, 2023 10:00 am ET Listen (1 min) Google said it…

Catherine de’ Medici 1561 portrait to return to London mansion

Painting has been acquired for nation and will be reinstalled at Strawberry…

Ai Weiwei finds peace in Portugal: ‘I could throw away all my art and not feel much’

As he eases into farmhouse life, the artist is preparing for an…