Why Meta Platforms Stock Was Skyrocketing Today

Shares of Meta Platforms (NASDAQ: META) were having a day for the record books, as the Facebook parent delivered a smashing fourth-quarter earnings report, announced a massive share buyback, and declared a dividend for the first time. Its market cap gain of more than $200 billion is set to be the biggest one-day gain for an individual stock on record.

As of 1:12 p.m. ET, the stock was up 21.6%.

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Source Fool.com