Meta Platforms Inc. has revealed its intention to repurchase an extra $50 billion in stocks and distribute its inaugural quarterly dividend as CEO Mark Zuckerberg endeavors to persuade investors that his substantial investments in the metaverse and artificial intelligence will be profitable. The company, known for its social media platforms, also disclosed robust fourth-quarter performance, achieving a 25% rise in revenue and tripling its profits. Additionally, it projected higher revenue growth for the upcoming period, surpassing previous estimates.
