Published by
Reuters UK
Reuters UK
By Aditya Soni and Medha Singh (Reuters) - Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged its best day in a decade. The surge also lifted shares of Amazon.com, Apple and Alphabet, all of which sport valuations of more than $1 trillion and will report earnings after market close. Meta’s move to rein in costs marked a drama…
You must log in to post a comment.