Meta's profit was so good that the company will soon start paying stock dividends for the first time (which could total $700 million a year for Zuckerberg alone) and announced a $50 billion buyback. It's a sign that the tech giant is coming of age, according to one analyst, joining Microsoft and Apple in making regular payouts to investors.
Amazon also touted its A.I. initiatives. Much of its earnings call was spent talking about Rufus, a new smart assistant intended to help shoppers find what they're looking for. (It may also allow Amazon to reduce ad spending on Google and social media platforms.)
#meta #quarterly-earnings #cost-cutting #stock-dividends #buyback #mark-zuckerberg #amazon #ai-initiatives #rufus
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