Meta Stock Soars on Strong Earnings and $50B Buyback Fueled by AI Push
- Meta’s stock up 14% after-hours on positive earnings, increased revenue forecast, and $50B buyback
- CEO Mark Zuckerberg "We had a good quarter as our community and business continue to grow"
- Issuing first-ever dividend
- AI tokens like RNDR and AKT up 4-5% over last 24 hours on Meta's AI pivot
- Metaverse platforms failed to capture attention in 2022, but AI pivot drove 100%+ stock growth over last year