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The Guardian - US
The Guardian - US
Technology
Kari Paul

Meta revenue soars as it pivots to AI and announces dividends for investors

Meta Mark Zuckerberg Reality Labs
'Meta' and a blue logo on a white sign.
The Meta logo in Brussels, Belgium, on 6 December 2022. Photograph: Yves Herman/Reuters

Meta shares soared 15% in after-hours trading following a strong fourth-quarter earnings report released the day after Mark Zuckerberg was roundly condemned in a contentious congressional hearing.

The company also announced it will pay a 50¢-per-share dividend to investors for the first time, and has authorized a $50bn share buyback program.

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