From Morningstar:

Meta, the parent company of Facebook and Instagram, reported a total fourth-quarter revenue of $40 billion, up 25% from last year. This increase was driven by advertising revenue, reality labs, and strong holiday sales of VR headsets. Meta also announced it had returned billions in cash to its shareholders and launched its first dividend, leading its share price to skyrocket by 20.3%.

Morningstar analysts believe Meta’s share price is slightly overvalued and are concerned about the impact of advertising spending due to the uncertainty in the Chinese economy. The company also faces regulatory oversight issues, as Mark Zuckerberg faced angry parents at a Congressional hearing on child safety and online security.

Data is correct as of 8 February 2024.



Read more: Stock of The Week: Meta