Meta Platforms Inc. has seen significant growth since its IPO in 2012, with an investment of $1000 turning into approximately $15999.47, marking a 1499.95% gain.
On February 1, 2024, Meta announced plans for a $50 billion stock buyback and revealed that shares will start paying a quarterly dividend of $0.50.
CEO Mark Zuckerberg stated that "Meta AI is on track to be the most used AI assistant in the world by the end of the year," highlighting the company's focus on AI.
Analysts at 24/7 Wall Street projected a 63.66% upside potential for Meta's stock, emphasizing the growing optimism surrounding its future despite recent stock performance.
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