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Meta shares surged more than 20% after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% to $40.1 billion, the fastest rate of growth since mid-2021, indicating the rebound of the online ad market. Meta’s net income also more than tripled to $14 billion. The company forecasts first-quarter sales between $34.5 billion and $37 billion, exceeding analysts’ expectations. Meta announced a quarterly dividend of 50 cents per share and a $50 billion share buyback. The stock rally added over $200 billion to Meta’s market cap, pushing its valuation past $1.2 trillion.

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