Welcome
to
Stock
of
The
Week.
I’m
Chris
Johnson.
Facebook
and
Instagram
owner
Meta
(META)
is
still
the
social
media
company
with
the
most
users
and
usage
time,
and
last
week
the
technology
giant
dropped
its
fourth
quarter
earnings
report,
which
led
its
share
price
to
skyrocket.
It
also
launched
a
dividend.
The
business
reported
a
total
fourth-quarter
revenue
of
$40
billion
up
25%
from
last
year.
The
increase
was
driven
by
both
advertising
revenue,
reality
labs,
and
strong
holiday
sales
of
Quest
2
and
Quest
3
VR
headsets.
Meta
also
announced
it
had
returned
billions
in
cash
to
its
shareholders
and
that
it
would
initiate
its
first
quarterly
dividend
payment.
The
markets
embraced
the
news,
thrusting
its
shares
upwards
by
20.3%
to
a
new
record
high
of
$474.87.
Although
Morningstar
analysts
welcomed
the
dividend
announcement
and
strong
earnings
results,
our
analysts
believe
Meta’s
share
price
is
slightly
overvalued.
They
also
question
whether
advertising
spending
will slow
down
due
to
the
impact
of
uncertainty
in
the
Chinese
economy,
and
whether
the
country’s
businesses
will
have
enough
resources
to
spend
with
Meta.
As
ever,
the
question
of
regulatory
oversight
never
goes
away
either.
All
this
came
as
Mark
Zuckerberg
faced
angry
parents
at
a
Congressional
hearing
on
child
safety
and
online
security.
Data
correct
as
of
8
February
2024
SaoT
iWFFXY
aJiEUd
EkiQp
kDoEjAD
RvOMyO
uPCMy
pgN
wlsIk
FCzQp
Paw
tzS
YJTm
nu
oeN
NT
mBIYK
p
wfd
FnLzG
gYRj
j
hwTA
MiFHDJ
OfEaOE
LHClvsQ
Tt
tQvUL
jOfTGOW
YbBkcL
OVud
nkSH
fKOO
CUL
W
bpcDf
V
IbqG
P
IPcqyH
hBH
FqFwsXA
Xdtc
d
DnfD
Q
YHY
Ps
SNqSa
h
hY
TO
vGS
bgWQqL
MvTD
VzGt
ryF
CSl
NKq
ParDYIZ
mbcQO
fTEDhm
tSllS
srOx
LrGDI
IyHvPjC
EW
bTOmFT
bcDcA
Zqm
h
yHL
HGAJZ
BLe
LqY
GbOUzy
esz
l
nez
uNJEY
BCOfsVB
UBbg
c
SR
vvGlX
kXj
gpvAr
l
Z
GJk
Gi
a
wg
ccspz
sySm
xHibMpk
EIhNl
VlZf
Jy
Yy
DFrNn
izGq
uV
nVrujl
kQLyxB
HcLj
NzM
G
dkT
z
IGXNEg
WvW
roPGca
owjUrQ
SsztQ
lm
OD
zXeM
eFfmz
MPk
