Facebook And Instagram Parent Meta Platforms Sets Stock Market Record, Adding $200B In Market Value In A Single Day

and Instagram parent company Meta Platforms set a stock market record Friday, adding $200 billion in market value in a single trading day on the heels of a knockout earnings report. The 20% rise in the tech giant’s stock price, to an all-time high of $474.99, followed the company’s stellar fourth-quarter earnings report on Thursday afternoon. Revenue for the period ending December 31 shot up 25% year-over-year to $40.1 billion, driven by growth in ad impressions across the company’s social media portfolio, ...