Cash flow beat investor expectations and shares rose as the tech giant authorized a $50bn share buyback program
Meta shares soared 12% in after-hours trading following a strong fourth-quarter earnings report released the day after CEO Mark Zuckerberg took a beating in a contentious congressional hearing.
The company also announced it will pay a 50 cent-per-share dividend to investors for the first time, and has authorized a $50bn share buyback program.
